Gradebook Question 1 - Wk 4 - Practice: Pla x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fultra%252Fcourses%252F_259106_1%252Foutline% Wk 4 - Practice: Planning, Coordinating, and Controlling Business Operations. Saved The budget for the luncheon was based on the following expectations: 1. The meal cost per person was expected to be $13.60. The cost driver for meals was attendance, which was expected to be 1,580 individuals. 20 points 2. Postage was based on $0.80 per invitation and 3,900 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed. 3. The facility charge is $2,800 for a room that will accommodate up to 1,700 people; the charge for one to hold more than 1,700 people is $3,300. 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity. Book WALTON MANAGEMENT ASSOCIATION Public Relations Luncheon Budget Print April Year 2 Operating funds allocated $30, 648 m Expenses Variable costs References Meals (1, 580 x $13.60) 21, 488 Postage (3, 900 x 0.80) 3, 120 Fixed costs Facility 2, 800 Printing 1, 130 Decorations 1, 026 Speaker's gift 310 Publicity 780 Total expenses 30, 648 Budget surplus (deficit) $ Actual results for the luncheon follow. WALTON MANAGEMENT ASSOCIATION Actual Results for Public Relations Luncheon April Year 2 Operating funds allocated $30, 648 Expenses Variable costs Meals (1,800 x $14.30) 25 , 740 Postage (4, 900 x 0.80) 3 920 Fixed costs Facility 3, 300 Printing 1, 130 Decorations 1, 020 Speaker's gift 310 Publicity 780 Total expenses 36, 200 Budget deficit $ (5,552) Mc Prey. 1 of 1 Next >