Answer-a)-
FALLON COMPANY | ||||
Selling Expense Flexible Budget Report | ||||
For the month ended March 31,2020 | ||||
Particulars | Flexible Budget | Actual Costs | Differences | Remark |
$ | $ | $ | ||
Variable Expesnes:- | ||||
Sales commissions 8% | $167100*8%=$13368 | 14228 | -860 | Unfavorable |
Advertising 6% | $167100*6%=$10026 | 10086 | -60 | Unfavorable |
Travel 5% | $167100*5%=$8355 | 8355 | 0 | Favorable |
Delivery 2% | $167100*2%=$3342 | 3422 | -80 | Unfavorable |
Total Variable expenses (a) | 35091 | 36091 | -1000 | Unfavorable |
Fixed Expenses:- | ||||
Sales salaries | 35000 | 35000 | 0 | None |
Depreciation | 7200 | 7200 | 0 | None |
Insurance | 1900 | 1900 | 0 | None |
Total Fixed expenses (b) | 44100 | 44100 | 0 | None |
Total Expenses (c=a+b) | 79191 | 80191 | -1000 | Unfavorable |
b)-
FALLON COMPANY | ||||
Selling Expense Flexible Budget Report | ||||
For the month ended March 31,2020 | ||||
Particulars | Flexible Budget | Actual Costs | Differences | Remark |
$ | $ | $ | ||
Variable Expesnes:- | ||||
Sales commissions 8% | $175500*8%=$14040 | 14228 | -188 | Unfavorable |
Advertising 6% | $175500*6%=$10530 | 10086 | 444 | Favorable |
Travel 5% | $175500*5%=$8775 | 8355 | 420 | Favorable |
Delivery 2% | $175500*2%=$3510 | 3422 | 88 | Favorable |
Total Variable expenses (a) | 36855 | 36091 | 764 | Favorable |
Fixed Expenses:- | ||||
Sales salaries | 35000 | 35000 | 0 | None |
Depreciation | 7200 | 7200 | 0 | None |
Insurance | 1900 | 1900 | 0 | None |
Total Fixed expenses (b) | 44100 | 44100 | 0 | None |
Total Expenses (c=a+b) | 80955 | 80191 | 764 | Favorable |
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020...
Question 4 -/1 ew Policies arrent Attempt in Progress The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $14,688 Sales salaries $34,600 Advertising 10,476 Depreciation 6,600 Travel 6,924 Insurance 2,000 Delivery 3,552 (a) 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 4 % ,...
The actual selling expenses incurred in March 2020 by Fallon
Company are as follows.
(a) Prepare a flexible budget performance report
for March, assuming that March sales were $169,100. Variable costs
and their percentage relationship to sales are sales commissions
6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling
expenses will consist of sales salaries $35,000, Depreciation on
delivery equipment $6,800, and insurance on delivery equipment
$1,700. (List variable costs before fixed
costs.)
(b) Prepare a flexible budget performance...
The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commissions $12,741 Advertising 10,258 Travel 6,772 Delivery 3,446 Fixed Expenses Sales salaries $35,300 Depreciation 7,000 Insurance 1,800 (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...
Exercise 22-6
The actual selling expenses incurred in March 2017 by Fallon
Company are as follows.
Variable Expenses
Fixed Expenses
Sales commissions
$10,880
Sales salaries
$35,400
Advertising
10,040
Depreciation
7,000
Travel
6,660
Insurance
2,000
Delivery
3,410
(a) Prepare a flexible budget performance report
for March, assuming that March sales were $166,500. Variable costs
and their percentage relationship to sales are sales commissions
6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling
expenses will consist of sales salaries $35,400, Depreciation...
View Policies Current Attempt in Progress aport The actual selling expenses incurred in March 2020 by Fallon Company are as follows Variable Expenses Fixed Expenses Sales commissions $11,180 Sales salaries $35,500 pport Advertising 10,530 Depreciation 7,400 Travel 6,920 Insurance 1,100 Delivery 3,580 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,000. Variable costs and their percentage relationship to sales are sales commissions 6 %, advertising 6%, traveling 4 % , and delivery 2 6....
Exercise 22-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commissions $11,340 Advertising 12,280 Travel 6,960 Delivery 3,600 Fixed Expenses Sales salaries $34,900 Depreciation 6,600 Insurance 1,300 (a) Prepare a flexible budget performance report for March, assuming that March sales were $ commissions 6%, advertising 7%, traveling 4%, and delivery 2%. Fixed selling expenses will co $6,600, and insurance on delivery equipment $1,300. (List variable costs before fixed costs CALCULATOR FULL...
The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Fixed Expenses Sales salaries$34,900 Depreciation 6,600 Insurance1,300 Variable Expenses Sales commissions$11,340 Advertising 12,280 Travel 6,960 Delivery 3,600 (a) Prepare a flexible budget performance report for March, assuming that March sales were $174,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 7%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,900, Depreciation on delivery equipment $6,600, and...
The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $11,272 Sales salaries $34,900 Advertising 10,552 Depreciation 7,500 Travel 8,685 Insurance 1,600 Delivery 3,534 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,700. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,900, Depreciation on delivery...
just provide me the answer that I lost, thanks
Exercise 10-6 a-b Your answer is partially correct. Try again. The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $11,016 Advertising 10,266 Travel 6,764 3,452 Fixed Expenses Sales salaries $35.000 Depreciation 6,800 Insurance 1,700 Delivery (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,100. Variable costs and their percentage relationship to sales are sales commissions 6%,...
The actual selling expenses incurred in March 2017 by Novak
Company are as follows.
Variable Expenses
Fixed Expenses
Sales commissions
$14,688
Sales salaries
$34,600
Advertising
10,476
Depreciation
6,600
Travel
6,924
Insurance
2,000
Delivery
3,552
(a)
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 4%, and delivery 2%. Fixed selling expenses will consist
of sales salaries $34,600, Depreciation on delivery...