Exercise 24-6 The actual selling expenses incurred in March 2017 by Fallon Company are as...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Exercise 24-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Fixed Expenses Variable Expenses Sales commissions $11,016 Sales salaries $35,000 6,800 Advertising 10,266 Depreciation Travel 6,764 Insurance 1,700 Deliver 3,452 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,100. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 4% and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, Depreciation on delivery equipment $6,800, and insurance on delivery equipment $1,700. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 2017 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable as a
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: Flex AI - Your personal assistant for all your inquiries!
