The following data relate to the working of a small factory at Houston for the current quarter: Capacity worked, 50 per cent fixed costs: Salaries $ 84,000 Rent and rates 56,000 Depreciation 70,000 Other administrative expenses 80,000 $2,90,000 Variable costs: Materials 2,40,000 Labour 2,56,000 Other expenses 38,000 5,34,000 Possible sales at various levels of working are: Capacity (per cent) Sales 60 $ 9,50,000 75 11,50,000 90 13,75,000 100 15,25,000 prepare a flexible budget and show the forecast of profit at 60, 75, 90 and 100 per cent capacity operations.