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Beta Gamma Sigma, the business honor society, recently held a dinner dance. The original (static) budget and actual results were as follows: Static BudgetActualVariance Attendees7590

Beta Gamma Sigma, the business honor society, recently held a dinner dance. The original (static) budget and actual results were as follows:

Static BudgetActualVariance

Attendees7590

Revenue$2625$3255 $630F

Chicken dinners at $191425 1767 342U

Beverages, $6 per person45046616U

Club rental, $75 plus 8% tax81 810

Music, 3 hours at $250 per hour750875125U

Profit $(81) $66$147F

1. Subdivide each variance into a sales-activity variance portion and a flexible budget variance portion.

2. Provide possible explanations for the variances.

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