The actual selling expenses incurred in March 2022 by Wildhorse Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12,741 Sales salaries $35,300 10.258 7,000 1.800 Advertising Travel Delivery Depreciation 6,772 Insurance 3,446 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery equipment $7.000, and insurance on delivery equipment $1,800, (List variable costs before fixed costs) (b) Prepares flexible budget performance report, assuming that March sales were $176800 (Rt variable costs before fixed cosE Budget WILDHORSE COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2022 Actual Difference Favorable Unfavorabl Neither Favor nor Unfavora

The actual selling expenses incurred in March 2022 by Wildhorse Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12,741 Sales salaries $35,300 10.258 7,000 1.800 Advertising Travel Delivery Depreciation 6,772 Insurance 3,446 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery equipment $7.000, and insurance on delivery equipment $1,800, (List variable costs before fixed costs) (b) Prepares flexible budget performance report, assuming that March sales were $176800 (Rt variable costs before fixed cosE Budget WILDHORSE COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2022 Actual Difference Favorable Unfavorabl Neither Favor nor Unfavora

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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