3. From following information you are required to prepare flexible budget of Ghareeb Alqemzi 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 S10 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 (3 Marks) (3 Marks) 4. The following data relates to Noor enterprises for the Month of June 2018. . Sales (3,500 units @ $20/unit): $70,000 Contribution margin per unit: $12 Total fixed expenses for the month: $15,000 There was no opening and closing finished goods inventory in stock. Required: Calculate margin of safety for the Noor enterprises using above data (4,Marks)