$1/$ In any type manufacturing business, there are many cost concerns$$some are immediately obvious while others are hidden. If you started a manufacturing business, what type of budget would you choose, static or flexible? Explain why, and include the advantages and drawbacks of your choice.

$2/$ Contribution margin is a very important metric that looks at the profitability of a company. When looking at contribution margin, how is it comparable to gross profit? Also explain the importance of contribution margin.