The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12.576 Sales salaries $35,400 Advertising 11.876 Depreciation 7,500 Travel 8,390 Insurance 2,000 Delivery 3,446 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) Question 4 of 4 Budget Actual -14 Fav Unfa Neither nor Un (b) Prepare a flexible budget performance report, assuming that March sales were $175,400. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Budget Actual Diffi Fav Unfa Neither nor Un $. Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable