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Cromwell Realtors, Inc. sells houses and earns revenue from a fee paid by the customer on each house purchased or sold. Their major costs are commissions for salespersons, but there are of course several other types of costs as well. Sam Cromwell, the managing partner of Cromwell Realtors, Inc., received a report summarizing the company's cost performance for the most recent year, shown below. Cromwell Realtors, Inc. Cost Performance Report For the year ended December 31, 2019 Static Budget 180 Actual 200 Variance 20 F Number of home sales Variable Costs Sales commissions Travel expense Signage General overhead Total variable costs Fixed costs General overhead Total costs $1,116,000 36,000 171,000 657,000 $1,980,000 $1,220,000 39,500 192,700 717,000 $2,169,200 $ 104,000 U 3,500 U 21,700U 60,000 V $ 189,200 u 60,000 $2,040,000 63,000 $2,232,200 3,000 u $ 192,200 u Required: Help Sam Cromwell develop a better cost and expense control system in the organization by completing the following flexible bu a table for the year ended December 31, 2019. You may assume that variable costs are based on the numbe home sales. (Note: Be sure to indicate any variance as either favourable (F) or unfavourable (U).) Flexible Budget 200 Actual Variance Number of home sales 200 Variable Costs Sales commissions Travel expense Signage General overhead Total variable costs Fixed costs General overhead Total costs $1,220,000 39,500 192,700 717,000 $2,169,200 63,000 $2,232,200

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