ta) Explain the difference between a fix and flexible budget stating which one is more appropriate for budgetary control 5marks) ch) The following details have been extracted from the standard cost card of product X which is manufactured by the XYZ chemical company which uses an absorption costing system Kshs Direct material 8.40 Direct labour 7.60 Variable overhead 3.90 Fixed verb cad 25.00 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 units and costs incurred and sales revenue achieved were as follows K Direct material 18.100 11.980 Direct labour Variable overhead 160 Fixed overhead 1.956 Sales revenue 68,800 Required Calculate the following variances (1) (1) Direct material total variance Direct labour total variance Overhead total variance Selling price variance (iv) (Omarks