3:50 '6) EH56; 63% i 0 nheducationcom + G] Wk 4 Practic... 0 Saved Help Save & Exit Submit Check my work 1 The Thornton Management Association held its annual public relations luncheon in April Year 2. Based on the 20 previous year's results, the organization allocated $29,552 points _ . of Its operating budget to cover the cost of the luncheon. To eBook ensure that costs would be appropriately controlled, Molly Print Hubbard, the treasurer, prepared the following budget References for the Year 2 luncheon. The budget for the luncheon was based on the following expectations: 1. The meal cost per person was expected to be $13.40. The cost driver for meals was attendance, which was expected to be 1,560 individuals. 8:50 d N +5G 63% TikTok . now CuTe JIN 009 . Following posted a video. Help Save & Exit Submit Check my work 2. Postage was based on $0.76 per invitation and 3,800 invitations were expected to be mailed. The cost driver for 20 postage was number of points invitations mailed. 3. The facility charge is $2,600 for a room that will eBook accommodate up to 1,700 people; the charge for one to Print hold more than 1,700 people is $3,100. References 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity. THORNTON MANAGEMENT AS Public Relations Lunch April Year 2 Operating funds allocated Expenses Variable costs Meals (1,560 x $13. 40) Postage (3, 800 x 0. 76) - + O 08:51 fly a IEI=5GA 63%i 0 nheducation.com + G] Wk 4 Practic... 0 Saved Help Save & Exit Submit Check my work Fixed costs Facility Printing Decorations Speaker's gift 20 Publicity Total expenses points Budget surplus (deficit) ' eBook Actual results for the luncheon Print follow. References THORNTON MANAGEMENT Actual Results for Public April Year Operating funds allocated Expenses Variable costs Meals (1,780 x $14.10) Postage (4,800 x 0.76) Fixed costs Facility Printing Decorations Speaker's gift Publicity Total expenses 8:51 fly a IEI'5caA 63%i 0 nheducation.com + G] Wk 4 Practic... 0 Saved Help Save & Exit Submit Check my work 1 Budget deficit Reasons for the differences between the budgeted and 20 actual data follow. points 1. The president of the organization, Rodney Snow, Print increased the invitation list to include 1,000 former members. As a result, 4,800 invitations were mailed. 2. Attendance was 1,780 individuals. Because of higher-thanexpected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$3,100 3. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to eBook References 8:51 d N +5G 63% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work 4. Printing, decorations, the speaker's gift, and publicity costs were as budgeted. 20 Required: points a. Prepare a flexible budget and compute the sales and variable cost volume variances based on eBook a comparison between the Print master budget and the flexible budget. References b. Compute flexible budget variances by comparing the flexible budget with the actual results. Complete this question by entering ! Required A Required B Prepare a flexible budget and comput flexible budget. (Indicate the effect of + O 08:51 d N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work on by entering your answers in the tabs b ired B 20 points et and compute the sales and variable co te the effect of each variance by selecting eBook Master Budget Flexible Budge Print $ 29,552 References 20,904 2,888 2,600 1, 110 1,000 290 760 X + O 08:52 @ @ N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work rs in the tabs below. 20 points and variable cost volume variances base ice by selecting "F" for favorable, "U" for u eBook Flexible Budget = Volume Varia Print References + O 08:52 @ @ N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work Prepare a flexible budget and comput flexible budget. (Indicate the effect of variance).) 20 Master Budg points Allocated funds S 29, Expenses: eBook Variable expenses Meals 20,' Print Postage 2,1 References Fixed expenses Facility 2,1 Printing 1, Decorations 1,1 Speaker's gift Publicity Total expenses 29,! Surplus(deficit) X + O 08:52 @ @ N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work compute the sales and variable cost volu ffect of each variance by selecting "F" for 20 er Budget Flexible Budget E points 29,552 eBook 20,904 Print 2,888 References 2,600 1,1 10 1,000 290 760 29,552 0 + O 08:52 @ @ N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work Required A Required B Compute flexible budget variances by for favorable, "U" for unfavorable, and 20 points Flexible Budge Allocated funds eBook Expenses: Variable costs: Print Meals References Postage Fixed costs: Facility Printing Decorations Speaker's gift Publicity Total expenses Surplus(deficit) + O 08:52 @ @ N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work Required B budget variances by comparing the flexit for unfavorable, and "None" for no effect 20 points Flexible Budget Actual Re $ eBook Print References Requir X + O 08:52 dj N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work j the flexible budget with the actual resul no effect (i.e., zero variance).) 20 points Actual Results Flexible Varian S 29,552 eBook Print 25,098 References 3,648 3,100 1,1 10 1,000 290 760 35,006 S (5,454) Required A Required + O8:52 dj N +5G 62% nheducation.com + 1 : Wk 4 - Practic... Saved Help Save & Exit Submit Check my work budget with the actual results. (Indicate 2., zero variance).) 20 points Its E Flexible Variances 552 eBook Print 098 References 648 100 110 000 290 760 006 154) Required B + O