1.Arrange a flexible budget.

2.Compute the sales volume variance and the variable cost volume variances based on a 3.comparison between the master budget and the flexible budget.

Compute flexible budget variances by comparing the flexible budget with the actual results.

4.Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.

5.Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.

6.Justify the favorable or unfavorable budget variances.

7.Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget.

8.Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations.