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The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $12.576 11,876 Advertising Travel Delivery 8,390 3,446 Fixed Expenses Sales salaries $ Depreciation Insurance (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs) $35,400 7.500 2,000 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs) Budget FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual Diffen Favor Unfavo Neither Fi nor Unfa

The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $12.576 11,876 Advertising Travel Delivery 8,390 3,446 Fixed Expenses Sales salaries $ Depreciation Insurance (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs) $35,400 7.500 2,000 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs) Budget FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual Diffen Favor Unfavo Neither Fi nor Unfa

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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(b) Prepare a flexible budget performance report, assuming that March sales were $175,400. (List variable costs before fixed costs.) $ Budget Question 4 of 4 Budget $ For the Month Ended March 31, 2020 FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual Actual $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable Diffen Favor Unfavo Neither Fi nor Unfa 15
Transcribed Image Text:(b) Prepare a flexible budget performance report, assuming that March sales were $175,400. (List variable costs before fixed costs.) $ Budget Question 4 of 4 Budget $ For the Month Ended March 31, 2020 FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual Actual $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable Diffen Favor Unfavo Neither Fi nor Unfa 15
The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $12,576 11,876 Advertising Travel Delivery S 8,390 Budget 3,446 I Fixed Expenses Sales salaries (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs) $ Depreciation Insurance (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) $35,400 7,500 Budget 2,000 Actual FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Diffen Favor Unfavo Neither Fi nor Unfa
Transcribed Image Text:The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $12,576 11,876 Advertising Travel Delivery S 8,390 Budget 3,446 I Fixed Expenses Sales salaries (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs) $ Depreciation Insurance (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) $35,400 7,500 Budget 2,000 Actual FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Diffen Favor Unfavo Neither Fi nor Unfa
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