How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead?

Variance Analysis
Write an analytical summary of your learning outcomes from chapters 9 and 10. In addition to your analytical summary, address the following:1. As a manager, discuss how you would use or have used the concepts presented in chapters 9 and 10.2. 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 the following links to study Module 5 topicsCapital Budgeting Analysis:https://saylordotorg.github.io/text_managerial-accounting/s12-how-is-capital-budgeting-used-.htmlAnalysis of Operating Budgets:https://saylordotorg.github.io/text_managerial-accounting/s13-how-are-operating-budgets-crea.html