4 The movie division of Cadiz Co. is operated as a profit centre. The company uses flexible budget 5 6 Budget variable costs and their nerreantada malatianehina in anlan a.... 10 Budget fixed selling expenses consist of sales salaries $40,000 and advertising $13,200. 11 Noncontrollable fixed costs are budgeted at $70,000. 13 The actual selling expenses incurred in February 2020. by the movie division are as follows: Fixed selling expenses consist of sales salaries $41,500 and advertising 12,000 . Noncontrollable fixed costs are \$65,000. Required: 21 Prepare a responsibility report, assuming that February budget and actual sales were both at $330,000. 22 The report should be presented in a controllable margin statement format (from sales to controllable mi 23 comparing the actual result to the budget, and compute the variances. 24 The variances should be labelled as F (favorable) or U (unfavorable). (12 marks)