Tanker Tech-tethers produces an electronic dog collar. The annual budget for the collar production in the current year was Prepare an end-of-the-year budget variance report using: - Static budgeting - Flexible budgeting Explain which of the two approaches is better? Explain which best reflects the performance of the production manager? Thank you:-) Solution Static budget 160 640,000/4000] 631,800 Flexible budget 624,000 [160*3900] static budget is better as it shows a favorable variance . However flexible budget better reflects the performance of production manager. .