IBM Corporation has the following budgeted data for the next fiscal year:

Item	Budgeted Amount ($)
Sales Revenue	150,000,000
Variable Costs	90,000,000
Fixed Costs	30,000,000
Required Rate of Return	12%

Requirements:

1. Prepare a Flexible Budget.
2. Calculate the Flexible Budget Variance.
3. Determine the Break-Even Point in units.
4. Analyze the impact of a 5% increase in variable costs on the Break-Even Point.
5. Discuss the role of flexible budgeting in performance evaluation.