C D ezto maheducation.com/hm.tpx The Westwood Management Association held its annual public relations luncheon in April 2013. Based on the previous year's results, the organization allocated $24,818of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Andrea Cole, the treasurer prepared the following budget for the 2013 luncheon. The budget for the luncheon was based on the following expectations. 1. The meal cost per person was expected to be $12.50. The cost driver for meals was attendance, which was expected to be 1,470 individuals 2. Postage was based on $0.58 per invitation and 3,350 invitations were expected to be mailed The cost driver for postage was number of invitations mailed. 3. The facility charge is $1,700 for a room that will accommodate up to 1.600 people: the charge for one to hold more than 4 fixed was designated for printing. decorations, the speakers gift, and publicity. WESTWOOD MANAGEMENT ASSOCIATION Public Relations Luncheon Budget April 2013 Operating funds allocated $24,818 Expenses Variable costs Meals (1,470 K $12.50 18.375 Postage 13.350x 0.58) Fixed costs Facility 1,700 Printing 1.020 Decorations Speakers gift Publicity Total expenses 24,818 Budget surplus (deficit) o e e a a O Type here to search