Exe plc. manufactures one standard product and, in common with other companies in the industry is suffering from the current depression in the market. Currently it is operating at a normal level of activity of 70% which represents an output of 6 300 units, but the sales director believes that a realistic forecast for the next budget period would be a level of activity of 50%.

Direct materials Direct wages Production overheads Administration overhead Selling and distribution overhead Total cost	Level of activity
	60%	70%	80%
	37 800 16 200 37 600 31 500 42 300 $165 400	44 100 18 900 41 200 31 500 44 100 $179 800	50 400 21 600 44 800 31 500 45 900 $194 200

Profit is 20% of selling price.

You are required, from the data given in the current flexible budget above, to prepare a budget based on a level of activity of 50%, which should show clearly the contribution and the net profit which should be expected.