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Prepare a flexible budget for a company based on the following information: Sales volume of 12,000 units, Variable cost per unit $15, Fixed costs $50,000,

Prepare a flexible budget for a company based on the following information: Sales volume of 12,000 units, Variable cost per unit $15, Fixed costs $50,000, and Selling price per unit $30. Discuss the advantages of a flexible budget compared to a static budget in adapting to changing business conditions, improving performance evaluation, and facilitating decision-making.

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