The actual selling expenses incurred in March 2020 by Vincent Company are as follows Variable Expenses Fixed Expenses Sales commissions $12,682 Sales salaries $35,200 Advertising 11,992 Depreciation 6,700 Travel 8,480 Insurance 1,300 Delivery 3,482 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,600 Variable costs and their percentage relationship to sales are sales commissions 7 , advertising 7 , travelling 5 , and delivery 2 Fixed selling expenses consist of sales salaries $35,200 depreciation on delivery equipment $6,700 and insurance on delivery equipment $1,300 Expected and actual sales are the same (List variable costs before fixed costs ) VINCENT COMPANY Flexible Budget Performace Report For the Month of March 2020 Difference Budget Actual Favourable Unfavourable Neither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs $ $ AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs $ $ $ FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs FavourableUnfavourableNeither Favourable nor Unfavourable AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs $ $ $ FavourableUnfavourableNeither Favourable nor Unfavourable

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The actual selling expenses incurred in March 2020 by Vincent Company are as follows: Variable Expenses Fixed Expenses Sales commissions $12,682 Sales salaries $35,200 Advertising

The actual selling expenses incurred in March 2020 by Vincent Company are as follows:

Variable Expenses		Fixed Expenses
Sales commissions	$12,682	Sales salaries	$35,200
Advertising	11,992	Depreciation	6,700
Travel	8,480	Insurance	1,300
Delivery	3,482

(a) Prepare a flexible budget performance report for March, assuming that March sales were $169,600. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, travelling 5%, and delivery 2%. Fixed selling expenses consist of sales salaries $35,200; depreciation on delivery equipment $6,700; and insurance on delivery equipment $1,300. Expected and actual sales are the same. (List variable costs before fixed costs.)

VINCENT COMPANY Flexible Budget Performace Report For the Month of March 2020
			Difference
	Budget	Actual	Favourable Unfavourable Neither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs	$	$
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs	$	$	$	FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs				FavourableUnfavourableNeither Favourable nor Unfavourable
AdvertisingDepreciationDeliveryFixed CostsInsuranceSalesSales CommissionsSales SalariesTotal CostsTotal Fixed CostsTotal Variable CostsTravelVariable Costs	$	$	$	FavourableUnfavourableNeither Favourable nor Unfavourable