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Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to...

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Accounting

Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,000 to $201,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,800, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,800. Prepare a monthly flexible budget for each $11,600 increment of sales within the relevant range for the year ending December 31, 2017.

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