Question: In allocating indirect costs to units/programs/projects, why do many enterprises adopt different approaches and cost drivers in allocating fixed costs compared to variable costs? Give

In allocating indirect costs to units/programs/projects, why do many enterprises adopt different approaches and cost drivers in allocating fixed costs compared to variable costs? Give an example.

Why is flexible budget applicable to variable costs only, and not also to fixed costs? Give an example.

In managing budget and costs of projects/programs, what are the advantages of calculating both price variance and quantity variance compared to just the variance between budgeted and actual cost?

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