as Explain the difference between a fix and flexible budget stating which one is more appropriate for hudgetary control Smarks) thi The following details have been extracted from the standard cost card of product which is manufactured by the XYZ chemical company which uses an absorption costing system. Ristis Direct material X 40 Direct labour 7.60 Variable overhead 3. There wereat 5.10 25. The red overhead charged to each unit of the product is based on a monthly production and sales of 2,000 units The budgeted selling price of product X is kshs 35 per unit During October the actual production and sales amounted to 250 unit and costs incurred and sales revenue achieved were as follows Kih Direct material IRIN Dircut labout 14, Vanuble overhead Fixed overhead 1956 Sales revenue 6.RO Required Skrate the following variances Detect material tatal variance Diret labour tatal variance Overhead total variante IND Selline price variance 18. B Direct material 8.40 Direct labor 7.60 3.90 Variable overhead Fixed overhead 5.10 During October the actual production and sales amounted to 2150 units and costs incurred and sales revenue achieved were as follows: Direct material 18100 Direct labor 14980 8160 Variable overhead Fixed overhead Sales revenue 9950 68800