Cardinal Company Flexible Budget As sales manager, Manisha Gole was given the following static budget report for selling expenses in the Clothing Department of Cardinal Company for the month of October Difference Favorable F Budget Actual Unvavorable U Sales in units 8,000 10,000 2,000 F Variable expenses 2,400 $ 2,600 200 U Sales commissions Advertising expense Travel expense Free samples given out 720 850 130 U 3,600 4,100 500 U 1,600 1,400 200 F Total variable 8,320 8,950 630 U Fixed expenses 1,500 1,500 Rent Sales salaries 1,200 1,200 Office salaries 800 800 Depreciation-autos (sales staff 500 500 Total fixed 4,000 $12,320 $12,950 $630 U 4,000 Total expenses As a result of this budget report, Manisha was called into the president's office and congradulated on her fine sales performance. She was repremanded, however, for allowing her costs to get out of control. Manisha knew something was wrong with the performance report that she had been given. However, she was not sure what to do, and comes to you for advice. Required: Please prepare a budget report based on a flexible budgeting approach