Q-2 MRG Beverages Ltd. is currently operating at 85% of its capacity. In the past 2 years, the level of operations were 65% and 75% respectively. Presently, the production is 85,000 water bottles. The company is planning for 95% capacity level during 2020-21. The costs details are as follows: Particulars 65% PGDM (FINANCE), TERM-R, BATCH 2020-22 75% 85% Amount (in Rs.) Amount (in Rs.) Amount (in Rs.) Direct Materials 13,00,000 15,00,000 17,00,000 Direct Labour 6.50,000 7,50,000 8,50,000 Facory 4,10,000 4,30,000 4,50,000 Overheads Selling 4,20,000 4,60,000 5,00,000 Overheads Administrtive 2,60,000 2,60,000 2,60,000 Overheads 29,40,000 33,00,000 36,60,000 Profit is estimated @30% on sales. The following increase in costs are expected during the year: Direct Materials Direct Labour Variable Factory Overheads Variable Selling Overheads Fixed Factory Overheads Fixed Sellng Overheads Administrative Overheads In percentage 6 6 11 16 11 Prepare flexible budget for the period 2020-21 at 95% level of capacity. Also ascertain profit and contribution. 110 Marks]