Question 1: Prepare some budgets in EXCEL for Live Color. 120 points! al Show the static budget based on BOO, ood units Iboxes ! produced . bi Show what the flexible budget would be if You, and units Iboxes ! were produced. If Show what the Flexible budget would be if god, God units Iboxes ! were produced . ! ! Show the Flexible budget cost formulas ; for Livecolor. {` Explain the difference between static and flexible budgets and when each should be USED