Variable Expenses Sales commissions Advertising Travel Delivery Fixed Expenses $13,420 Sales salaries $42,700 8,418 Depreciation 8,540 6,222 Insurance 1,220 4,209 Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $42,700, Depreciation on delivery equipment $8,540, and insurance on delivery equipment $1,220. (a) Prepare a flexible budget performance report for March, assuming that March sales were $207,400. (List variable costs before fixed costs.) Budget SWIFTY COMPANY Selling Expense Flexible Budget Report $ Actual $ $ $ $ $ $ Difference Favorable Unfavorable Neither Favorat nor Unfavorabl (b) Prepare a flexible budget performance report, assuming that March sales were $219,600. (List variable costs before fixed costs.) > 69 Budget $ $ -69 $ $ +A SWIFTY COMPANY Selling Expense Flexible Budget Report Actual -69 Differe Favora Unfavor Neither Fai nor Unfav Total Fixed Expenses Fixed Expenses Sales Commissions Depreciation Sales Salaries Sales Variable Expenses Total Expenses Advertising Insurance Travel Total Variable Expenses Delivery