please see attached file and answer the question thanks

Question 1 The following monthly budgeted cost values have been taken from the budget working papers of Britas Limited for the year ended 31 October 20X12. Activity level Direct materials Direct Labour Production overhead Selling overhead Administration overhead 60% 35,910 43,320 46,000 15,000 40,000 ______ 180,230 70% 41,895 50,540 52,000 17,000 40,000 ______ 201,435 80% 47,880 57,760 58,000 19,000 40,000 ______ 222,640 During October 20X12, actual activity was 1,292 units (which was equal to 68% activity) and actual costs were: Direct materials Direct Labour Production overhead Selling overhead Administration overhead 41,000 50,000 47,250 16,000 39,000 _______ 193,250 Required: (a) Prepare a budgetary control statement for Britas Limited on a flexible budget basis for the month of October 20X21. (35 marks) (b) Explain the difference between a 'fixed' budget and a 'flexible' budget and why Britas might have decided to choose a system of flexible budgeting (15 marks) (c) The preparation of budgets is an important task that relies on the identification of the principal budget factor. Explain the term 'principal budget factor' and state its importance in the budget preparation process. (10 marks)