To execute a task that takes 2 minutes every hour, why do you need a B8 with 5 max instances? I don't know what daily quota you're trying to stay within, but if your intention is to stay within 9 hours a day, which costs $0.72, a B5 with 5 instances will exhaust that very quickly. If your two minutes of processing time is mostly spent in I/O - such as datastore operations, cache read/writes, URL fetches, etc, then it'll be a lot more efficient to use a B1 instance. A B8 would only speed up CPU intensive operations, or provide more RAM, if you need it.
Anyways, assuming you need the memory and CPU cycles a B8 provides, you still don't need 5 simultaneous instances to execute a task that takes 2 minutes every hour. I'd recommend tune the instance class to suit your processing needs, but keep the max instance to 1 in bakends.yaml. And a 2 minute job means 17 minutes of instance hour usage every hour (15 minutes standard overhead + 2 minutes task running time), which equals 6.8 hours per day. If you use a B1 backend, you can stay within the daily free quota.
The other thing to watch out for is - when you trigger your backend with a cron job, does your task processing spawn other tasks in the task queue? If so, you'll create multiple backends (if allowed in backends.yaml), and even though those multiple simultaneous backends will execute only for a seconds or minutes, you'll incur the 15 minute overhead cost for starting each backend instance. The best way to "smoothen" out the load / processing is to queue up the multiple requests and execute them seriallly on a single backend instance. The best way to accomplish that is to use "Push Queues". You enqueue requests into push queues, and when you dequeue (or "lease") requests one at a time, and execute them one at a time on your backend.
Hope this helps.