3. From following information you are required to prepare flexible budget of Ghareeb Algemzi Company Ltd. The following data for a 60% activity level prepare a budget for production at 80% and 100% capacity. Production at 60% activity is 600 units Materials Labour Expenses $100 per unit $40 per unit $10 per unit Factory expenses $40 000 (40% fixed) Administration Expenses $30 000 (60% fixed) Required to prepare: a) Flexible budget for production at 80 per cent capacity b) Flexible budget for production at 100 per cent capacity