Cadiz Co. uses flexible budgets to control its seling expenses. Monthly sales are expected to be from 300,000 to $360,000. Variable costs and their percentage relationships to sales are Sales commissions 5 4% Traveling 7% Delivery Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment $10,000 The actual selling expanses incurred in February, 2016, by Cadiz are as follows Sales commissions $17,200 12,000 Traveling 23,700 Delivery 2,400 Fixed selling expenses consist of sales salaries $41,500 and depreciation on delivery equipment $10,000 Prepare a fiexible budget performance report, assuming that February sales were $330,000. (List variable expenses before fixed expenses) Selling Expense Budget Report (Flexible) For the Month Ended February 28, 2016 Favorable (F) Unfavorable (U) Net Applicable (NA) Budget Click if you would like to Show Work for this question: Open Show Work