CALCULATOR PULL SCREEN PRINTER VERSIO. .SOR Exercise 10-6 The actual selling exp

Question

CALCULATOR PULL SCREEN PRINTER VERSIO. .SOR Exercise 10-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Flxed Expenses Sales $35,000 7,000 1,000 $11,000 Sales salanes 6,900 Deprediation 5,100 Insurance 3,430 Travel Delivery (a) prepare a fierble budget performance report for March, assuring that March sales were S170,000, vanabla co and ther percentage rest onto to sales are sae omm5sions 6Ai, advertising 4%, trave?ng 3%, and delivery 2%. Fixed seling expenses wa consist of sales salanes S35,000. Deprecaton on delivery equpret S7,0 and insurance on delivery equipmant $1,000.(List variable costs before fixed costs) FALION COMPANY Selling Expense Flexibke Budget Report For the Month Ended Harch 31, 2017 Difference Unfavorable Neither Favorablo nor Unfavorable Budget Actual

Explanation / Answer

(A) Flexible budget perfoamance report for March 2017 Assuming sales is 1,70,000 Budgeted ($) Actual ($) Difference Favourable/unfavourable/Neither Favorable nor unfavourable Sales          1,70,000          1,70,000 Sales Commission             10,200             11,000 (800) Unfavourable Advertising                6,800                6,900 (100) Unfavourable Travel                5,100                5,100 -   Neither Favorable nor unfavourable Delivery                3,400                3,450 (50) Unfavourable Sales Salaries             35,000             35,000 -   Neither Favorable nor unfavourable Depreciation                7,000                7,000 -   Neither Favorable nor unfavourable Insurances                1,000                1,000 -   Neither Favorable nor unfavourable (B) Flexible budget perfoamance report for March 2017 Assuming sales is 1,80,000 Budgeted ($) Actual ($) Difference Favourable/unfavourable/Neither Favorable nor unfavourable Sales          1,80,000          1,80,000 Sales Commission             10,800             11,000 (200) Unfavourable Advertising                7,200                6,900 300 Favourable Travel                5,400                5,100 300 Favourable Delivery                3,600                3,450 150 Favourable Sales Salaries             35,000             35,000 -   Neither Favorable nor unfavourable Depreciation                7,000                7,000 -   Neither Favorable nor unfavourable Insurances                1,000                1,000 -   Neither Favorable nor unfavourable

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