The actual selling expenses incurred in March 2020 by Fallon Company are as follows. ...
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Accounting
The actual selling expenses incurred in March 2020 by Fallon Company are as follows.
| Variable Expenses | Fixed Expenses | |||||
|---|---|---|---|---|---|---|
| Sales commissions | $11,272 | Sales salaries | $34,900 | |||
| Advertising | 10,552 | Depreciation | 7,500 | |||
| Travel | 8,685 | Insurance | 1,600 | |||
| Delivery | 3,534 | |||||
(a) Prepare a flexible budget performance report for March, assuming that March sales were $173,700. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,900, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $1,600. (List variable costs before fixed costs.)
(b) Prepare a flexible budget performance report, assuming that March sales were $181,000. (List variable costs before fixed costs.)
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