QUESTION 1 Today is 2nd January 2022 and you have received an email from the Finance and Accounts Manager, Miss Farra Amber From Sent Subject Finance and Accounts Manager 2nd January 2022 Performance report for the year 2021 Dear Management Accountant, Good day! I will be attending a meeting on the 6- January 2022 at 3 pm. Based on the forecasted figures and previous year's financial statement, can you please email me the performance report for the year 2021? Please include explanations on overall performance and the advantages of using flexible budgetary control system over static budget. T have heard about a few techniques of budgeting. Some of them seem useful for our company. Currently, we are applying the zero-based budgeting in order to forecast our future costs, however it is time consuming. Are there any other techniques that we can apply? Can you please find some information about other techniques and its pros and cons so that I can highlight in the meeting? Hope to receive a prompt reply from you. Sincerely, Miss Farra Amber Finance and Account Manager Required: 1) As the management accountant of Marvel Getaways, evaluate the company's overall performance for the year ended 31 December 2021 using the feedforward concept. (Prepare the performance report and show all workings) (6 marks) 11) Briefly explain FOUR (4) advantages of using flexible budgetary control system over static budget (4 marks) 11 Discuss TWO (2) types of budgeting techniques. Your answer should include the explanation on advantages and disadvantages of budgeting techniques (6 marks) (Total: 16 marks)