Prepare a Flexible Budget variance analysis report $($with the flexible budget$).$ For this first, you have to create a Flexible Budget by inserting each line item in the monthly budget from Table $4-$ for this, you have to classify the items in $($Table $4)$ into Fixed and Variable $$ you are required to provide discussions about your rationale for each account classification. $($For the purpose of simplicity, all those expenses that do not change directly and proportionally to the change in the level of activity may be taken as fixed expenses. Do not complicate yourself by trying to apply data given in Table $3$ and other additional information given in the text of the case study while preparing the flexible budget$).$