WileyPLUS https://edugen.wi 80% ? Q,Search WileyPLS Winosndt hount c TINER Sat T

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WileyPLUS https://edugen.wi 80% ? Q,Search WileyPLS Winosndt hount c TINER Sat Time: 01:06 PM/ Ramgining: 49 min. Question 1 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Question 7 Questian 2 Variable Expenses Fixed Expenses Questign 2 Question s Questian 6 $10,766 Sales salaries $34.700 7.300 2.000 Trevel 6.624 Insurance Deliveny 3,372 (a Prepare a flexible budget performance report for March, assuming that March sa es were 65,600 Variable costs and their percentage relationship to sales are sa es commissions 6%, advertising 7% traveling 4%, and delivery 2%. Fixed selling expenses will consist of sale salari“ S34, 700, Depreciation on delivery equipment S7, 300, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) Reviey Results by FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Neither Favorable Budget Acbual 2-18 PM O Type here to search ? xa 4/27/2018

Explanation / Answer

1) Budget Actual Difference sale units 165,600 165,600 Variable costs Sales commissions 9936 10,766 830 U Advertising 11592 11,682 90 U travel 6624 6,624 0 N Delivery 3312 3,372 60 U total variable costs 31464 32,444 980 U Fixed epxnese Sales salaries 34,700 34,700 0 N Depreciation 7,300 7,300 0 N insurance 2,000 2,000 0 N total fixed expense 44,000 44,000 0 N net operating income 75,464 76,444 980 U 2) Budget Actual Difference sale units 173,800 173,800 Variable costs Sales commissions 10428 10,766 338 U Advertising 12166 11,682 484 F travel 6952 6,624 328 F Delivery 3476 3,372 104 F total variable costs 33022 32,444 578 F Fixed epxnese Sales salaries 34,700 34,700 0 N Depreciation 7,300 7,300 0 N insurance 2,000 2,000 0 N total fixed expense 44,000 44,000 0 N net operating income 77,022 76,444 578 F

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