The actual selling expenses incurred in March 2014 by DeWitt Company are as foll
ID: 2484279 • Letter: T
Question
The actual selling expenses incurred in March 2014 by DeWitt Company are as follows. Prepare a flexible budget performance report for March, assuming that March sales were $173,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,452, depreciation on deliver equipment $7,439, and insurance on delivery equipment $1,870. Expected and actual sales are the same. (If answer is zero, please enter 0, do not leave any fields blank.) Prepare a flexible budget performance report, assuming that March sales were $182,000. Expected sales and actual sales are the same. (If answer is zero, please enter 0, do not leave any fields blank.)Explanation / Answer
Dewitt company Selling Expense Flexible Budget Report for the moth ended Mar 31 .2014 Details Cost Formula as % of sales Fexible Budget Actuial Results Fleible budget Variance F/U/N Sales 173,100 173,100 - Less Variable costs Sales Commissions 8% 13,848 14,677 829 U Advertising 6% 10,386 10,633 247 U Travel 5% 8,655 8,655 - N Delivery 2% 3,462 3,566 104 U Total Variable costs 36,351 37,531 1,180 Fixed Costs Sales Salaries 34,452 34,452 - N Depreciation 7,439 7,439 - N insurance 1,870 1,870 - N Total Fixed costs 43,761 43,761 N Total Selling Expenses 80,112 81,292 1,180 U
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.