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Difference between the master budget and the flexible budget

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Reference no: EM133055335

Question - Seattle Products estimates that it will incur the following selling expenses next period:

Salaries (fixed) $20,000

Commissions (0.05 of sales revenue) $17,875

Travel (0.03 of sales revenue) $10,725

Advertising (fixed) $50,000

Sales Office Costs ($4,000 plus $0.05 per unit sold) $7,250

Shipping Costs ($0.10 per unit sold) $6,500

Total Selling Expenses $112,350

a. Derive the cost equation for selling expenses.

b. Assume that Seattle sells 50,000 units during the period. Budgeted sales totaled 65,000 units at a budgeted sales price of $5.50 per unit. Prepare a variance report to show the difference between the master budget and the flexible budget.

Reference no: EM133055335

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