The actual selling expenses incurred in March 2012 by Vincent Company are as follows: Instructions (a) Prepare
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Instructions
(a) Prepare a flexible budget performance report for March using the budget data in E11-21, assuming that March sales were $170,000. Expected and actual sales are the same.
(b) Prepare a flexible budget performance report, assuming that March sales were $180,000. Expected sales and actual sales are the same.
(c) Comment on the importance of using flexible budgets in evaluating the sales manager's performance.
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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