Exercise 3: From the following data, prepare a flexible budget for production of 40,000, units and 75,000 units, distinctly showing variable cost and fixed cost as well as total cost Also indicate element- wise cost per unit. Budgeted output is 100,000, units and budgeted cost per unit is as follows: Direct Material Direct labor Production overhead (variable) Production overhead (fixed) Administration overhead (fixed) Selling overhead (10% fixed) Distribution overhead (20% fixed) OMR. 95 50 40 5 5 10 15