Problem 2 The following data are available in a manufacturing company for a yearly period: Fixed expenses RO Wapes and Salaries 9.50,000 660.000 Rent. Rate & Taxes 740.000 Depreciation 6.50.000 Sundry Admin Expenses Semi Variable Expenses at 50% Capacity Maintenance & Repairs 3.50.000 7.90,000 Indirect Labor 3.NO,000 Sales Dept. Salaries etc Sundry Admin Salari 20,000 Variable Expenses 21.70.000 Material 20,40.000 Labor 7.90,000 Other Expenses Total 98,00.000 Assume that the fixed expenses remain constant for all levels of production, the semi-variable expenses remain constant between 45% and 65% capacity, increasing by 10% between 65 percent and 80 percent capacity and by 20 percent between 0 and 100% capacity Sales at various levels are: sos Capacity 100 Capacity 120 75% Capacity 150 90% 180 Capacity Capacity 100% 200 Required: Prepare a Flexible Budget for the year and forecast the profit 60% 75%.909 and 100% capacity