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: OMR. Direct Material 95 Direct labor 50 Production overhead (variable) 40 Production overhead (fixed) 5 5 Administration overhead (fixed) 10 Selling overhead (10% fixed) 15 Distribution overhead (20% fixed) flexible