URGENT PLEASE!

3. Question 2-Variance analysis - Version 8 (12 marks) The movie division of Cadiz Co. is operated as a profit centre. The company uses flexible budget 11 Noncontrollable fixed costs are budgeted at $70,000. 12 13 The actual selling expenses incurred in February 2020, by the movie division are as follows: 14 15 \begin{tabular}{|l|r|} \hline Sales commissions & $17,200 \\ \hline Traveling & 14,700 \\ \hline Delivery & 7,400 \end{tabular} Fixed selling expenses consist of sales salaries $41,500 and advertising 12,000 . Noncontrollable fixed costs are $65,000. Required: Prepare a responsibility report, assuming that February budget and actual sales were both at $330,000. The report should be presented in a controllable margin statement format (from sales to controllable m: comparing the actual result to the budget, and compute the variances. The variances should be labelled as F (favorable) or U (unfavorable). (12 marks)