Problem 3 From the following information, prepare a flexible budget of Fedric & Co. Ltd., Rs. Rs. Direct Materials 90,000 Factory costs(80%fixed) 12,000 Direct Labour 60,000 Admn., Costs(60% fixed) 18,000 Direct Cost 30,000 Sales Costs (50%fixed) 6,000 Machinery expenses 15,000 Sales at Rs. 3 per unit 3,00,000 Power 15,000 Total production is sold in the year. Further, the factory in working at 60% capacity. You have to assume the following. (a) Direct Materials and weges increase by 10% and 5% respectively (b) Capacity will be 80%