Why might managers find a flexible-budget analysis more informative than static-budget analysis?

Variance Analysis
Write an analytical summary of your learning outcomes from chapters 8 and 9. In addition to your analytical summary, address the following:Chapter 8: https://saylordotorg.github.io/text_managerial-accounting/s12-how-is-capital-budgeting-used-.htmlChapter 9: https://saylordotorg.github.io/text_managerial-accounting/s13-how-are-operating-budgets-crea.html1. As a manager, discuss how you would use or have used the concepts presented in chapters 8 and 9.2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts. Use APA throughout. Please organize your discussion as listed above.Atleast 600 words or more. Please include references and citations.No Plagiarism