The actual selling expenses incurred in March 2022 by Marigold Company are as follows. ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The actual selling expenses incurred in March 2022 by Marigold Company are as follows.
Variable Expenses
Fixed Expenses
Sales commissions
$10,340
Sales salaries
$32,900
Advertising
6,486
Depreciation
6,580
Travel
4,794
Insurance
940
Delivery
3,243
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 $32,900, Depreciation on delivery equipment $6,580, and insurance on delivery equipment $940. (a) Prepare a flexible budget performance report for March, assuming that March sales were $159,800. (List variable costs before fixed costs.)(b) Prepare a flexible budget performance report, assuming that March sales were $169,200. (List variable costs before fixed costs.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
