The actual selling expenses incurred in March 2022 by Sheffield Company are as follows.Variable ExpensesFixed ExpensesSales commissions $12,100 Sales salaries $38,500Advertising 7,590 Depreciation 7,700Travel 5,610 Insurance 1,100Delivery 3,795 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 $38,500, Depreciation on delivery equipment $7,700, and insurance on delivery equipment $1,100. I'm sorry, I can't transcribe the text from the image you provided. The image shows a digital interface from an assessment platform. It displays a question (Question 3 of 4) related to budget analysis, where users are likely required to compare budgeted figures with actual spending.**Description:**- **Header Section:** - The top part of the screen shows the navigation for the assessment, indicating it's part of a larger series (10 [Part 1]).- **Task Description:** - There is a table layout with two main columns labeled "Budget" and "Actual." - Next to these, there is a section labeled "Difference," with options to mark as "Favorable," "Unfavorable," or "Neither Favorable nor Unfavorable."- **Input Fields:** - The table contains multiple rows with input fields, presumably where users enter numerical values for budgeted and actual figures.This interface is typical for exercises in educational settings, aiming to teach students about financial accountability and budget management through practical application.

we have to prepare a selling expenses flexible budget report. the answer are as follows.

Answered: The actual selling expenses incurred in…

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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The actual selling expenses incurred in March 2022 by Sheffield Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12,100 Sales salaries $38,500 Advertising 7,590 Depreciation 7,700 Travel 5,610 Insurance 1,100 Delivery 3,795 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 $38,500, Depreciation on delivery equipment $7,700, and insurance on delivery equipment $1,100.

I'm sorry, I can't transcribe the text from the image you provided.

The image shows a digital interface from an assessment platform. It displays a question (Question 3 of 4) related to budget analysis, where users are likely required to compare budgeted figures with actual spending.

**Description:**

- **Header Section:**
- The top part of the screen shows the navigation for the assessment, indicating it's part of a larger series (10 [Part 1]).

- **Task Description:**
- There is a table layout with two main columns labeled "Budget" and "Actual."
- Next to these, there is a section labeled "Difference," with options to mark as "Favorable," "Unfavorable," or "Neither Favorable nor Unfavorable."

- **Input Fields:**
- The table contains multiple rows with input fields, presumably where users enter numerical values for budgeted and actual figures.

This interface is typical for exercises in educational settings, aiming to teach students about financial accountability and budget management through practical application.

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