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Estimating flexible selling expense budget and computing sales volume variance. 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.
(Hint: y= a + bx + cy)
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.
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