Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consis
Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consis
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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100%
The actual selling expenses incurred in March 2022 by Flint Company are as follows.
|
Variable Expenses
|
Fixed Expenses | ||||||
|---|---|---|---|---|---|---|---|
| Sales commissions | $12,980 | Sales salaries | $41,300 | ||||
| Advertising | 8,142 | 8,260 | |||||
| Travel | 6,018 | Insurance | 1,180 | ||||
| Delivery | 4,071 |
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 $41,300, Depreciation on delivery equipment $8,260, and insurance on delivery equipment $1,180.
(a) Prepare a flexible budget performance report for March, assuming that March sales were $200,600.
(b) Prepare a flexible budget performance report, assuming that March sales were $212,400
Transcribed Image Text:FLINT COMPANY
Selling Expense Flexible Budget Report
For the Month Ended March 31, 2022
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Budget
Actual
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Sales
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Transcribed Image Text:(b) Prepare a flexible budget performance report, assuming that March sales were $212,400. (List variable costs before fixed costs.)
FLINT COMPANY
Selling Expense Flexible Budget Report
Ui
Neiti
Budget
Actual
nor
24
>
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