The actual selling expenses incurred in March 2017 by Novak Company are as follows. Fixed Expenses Variable Expenses Sales commissions $14,688 Sales salaries $34,600 Advertising 10,476 Depreciation 6,600 Travel 6,924 Insurance 2,000 Delivery 3,552 Prepare a flexible budget performance report for March, assuming that March sales were $173,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 5%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,600, Depreciation on delivery equipment $6,600, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) Prepare a flexible budget performance report, assuming that March sales were $182,100. (List variable costs before fixed costs.) NOVAK COMPANY Selling Expense Flexible Budget Report NOVAK COMPANY Selling Expense Flexible Budget Report Difference Difference Favorable/Unfavorable Neither Favorable nor Unfavorable Budget Actual Favorable/Unfavorable Neither Favorable nor Unfavorable Budget Actual V V v V V