Flexible Budget (Practical Problems): 20 | Cata od o 7. Tuuooo xto 80 Exercise 5: Work out a flexible budget for overhead expenses on the basis of the following data available and determine overhead rates at 70%, 80% and 90% capacity levels At 80% capacity level exprse 144,000 64,000 200,000 50,000 Variable overheads lev. c estmile to or 80. Indirect materials Indirect labor Semi-variable overheads: Power (70% variable) 30 fix Repairs and maintenance (60% fixed) MOV Fixed overhead: Depreciation Insurance Others Estimated direct labor hours 36,000 16,000 108,000 240,000 hours