Home Content X Question 1 - Wk 4 - Practice: Plai X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252FIms.mhed. Not syncing Wk 4 - Practice: Planning, Coordinating, and Control... Saved Help Save & Exit Submit Check my work 1. The president of the organization, Rodney Snow, increased the invitation list to include 1,000 former members. As a result, 4,100 invitations were mailed. 2. Attendance was 1,640 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$1,700 20 3. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $12.7 per person. points 4. Printing, decorations, the speaker's gift, and publicity costs were as budgeted. eBook Required: a. Prepare a flexible budget and compute the sales and variable cost volume variances based on a comparison between the master Print 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 your answers in the tabs below. Required A Required B Prepare a flexible budget and compute the sales and variable cost volume variances based on a comparison between the master budget and the flexible budget. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Master Budget Flexible Budget = Volume Variance Allocated funds $ 22,328 Expenses Mc Graw Hill Type here to search 2:39 PM O W ? C 87'F Rain coming ^ 9 07 () 7/22/2021Home Content X Question 1 - Wk 4 - Practice: Plai X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mhed. Not syncing Wk 4 - Practice: Planning, Coordinating, and Control... i Saved Help Save & Exit Submit Check my work Required A Required B Prepare a flexible budget and compute the sales and variable cost volume variances based on a comparison between the 20 master budget and the flexible budget. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, points and "None" for no effect (i.e., zero variance).) Master Budget Flexible Budget = Volume Variance eBook Allocated funds $ 22,328 Print Expenses: Variable expenses References Meals 17,040 Postage 1,488 Fixed expenses Facility 1,200 Printing 970 Decorations 860 Speaker's gift 150 Publicity 520 Total expenses 22,328 Surplus(deficit) $ 0 Mc Graw Hill Type here to search O ? 2:39 PM W C 87'F Rain coming ^ 9 0( () 7/22/2021Home Content X Question 1 - Wk 4 - Practice: Plai X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mhed. Not syncing Wk 4 - Practice: Planning, Coordinating, and Control... i Saved Help Save & Exit Submit Check my work Required A Required B :Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the effect of each 20 variance by selecting "F" for favorable, "U" for unfavorable, and "None" fo ...one. for no effect. effect (i.e. zero variance): ). points Flexible Budget Actual Results = Flexible Variances Allocated funds $ 22,328 eBook Expenses: Print Variable costs: References Meals 20,828 Postage 1,968 Fixed costs Facility 1,700 Printing 970 Decorations 860 Speaker's gift 150 Publicity $20 Total expenses 27,096 Surplus(deficit) $ (4,768) Mc Graw Hill Type here to search O W ? C 87'F Rain coming ^ 9 0 (() 2:40 PM 7/22/2021El Question 1 - Wk4- Practice: F' https eztomheducationgom Wk 4 7 Practice: Planning, Coordinating and Control... 0 Saved Help Sane\" Exit Submit Check my work 1 The Baird Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results, the ' organization allocated $22,323 of its operating budget to cover the cost ofthe luncheon. To ensure that costs would be appropriately controlled, Molly Hubbard, the treasurer, prepared the following budget for the Year 2 luncheon. 20 The budget for the luncheon was based on the following expectations: points 1. The meal cost per person was expected to be $12.00. The cost driver for meals was attendance, which was expected to be 1,420 individuals. EBOOK 2. Postage was based on $0.48 per invitation and 3,100 invitations were expected to be mailed. The cost driver for postage was an number of invitations mailed. 3. The facility charge is $1,200 for a room that will accommodate up 101,600 people; the charge for one to hold more than 1,600 REfE'ences people is $1,700. 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity. BAIRD HANAE EHENT ASSOCIATION Public Relations Luncheon Budget April Year 2 Operating funds allocated $22,328 Expenses Variable costs I'leals (1,423 3: $12.06) 17,846 Postage {3,196 x 6.48) 1,488 Fixed costs Facility 1,266 Printing 978 Decorations 356 Speaker's gift 15% Pllhliritv 6m ' Home Content X Question 1 - Wk 4 - Practice: Plai X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252FIms.mhed. Not syncing Wk 4 - Practice: Planning, Coordinating, and Control... i Saved Help Save & Exit Submit Check my work Decorations 860 Speaker's gift 150 Publicity 620 Total expenses 22, 328 Budget surplus (deficit) $ 20 points Actual results for the luncheon follow. eBook BAIRD MANAGEMENT ASSOCIATION Actual Results for Public Relations Luncheon Print April Year 2 Operating funds allocated $22, 328 References Expenses Variable costs Meals (1,640 x $12.70) 20, 828 Postage (4, 100 x 0.48) 1, 968 Fixed costs Facility 1, 700 Printing 970 Decorations 860 Speaker's gift 150 publicity 620 Total expenses 27, 096 Budget deficit $(4, 768) Reasons for the differences between the budgeted and actual data follow. Mc Graw Hill Type here to search O W ? 2:39 PM C 87'F Rain coming ^ 9 0( () 7/22/2021

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