Home X Content Question 1 - Wk 4 - Practice: Planni X Special Guest | Book Upcoming X G drias promo code - Google Sea *Search Results | Course Hero *[Solved] The Gibson Managem> + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow. ... IN1 0 9 E Wk 4 - Practice: Planning, Coordinating, and Controlling Business Operations... i Saved Help Save & Exit Submit Check my work The Gibson Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results, the organization allocated $25,328 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Molly Hubbard, the treasurer, prepared the following budget for the Year 2 luncheon. 20 points The budget for the luncheon was based on the following expectations: 1. The meal cost per person was expected to be $12.60. The cost driver for meals was attendance, which was expected to be 1,480 individuals. Book 2. Postage was based on $0.60 per invitation and 3,400 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed. 3. The facility charge is $1,800 for a room that will accommodate up to 1,600 people; the charge for one to hold more than 1,600 Print people is $2,300. 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity. References GIBSON MANAGEMENT ASSOCIATION Public Relations Luncheon Budget April Year 2 Operating funds allocated $25, 328 Expenses Variable costs Meals (1, 480 * $12. 60) 18, 648 Postage (3, 400 * 0. 60) 2, 040 Fixed costs Facility 1, 800 Printing 1, 030 Decorations 920 Speaker's gift 210 Publicity 680 Total expenses 25, 328 Budget surplus (deficit) Actual results for the luncheon follow. GIBSON MANAGEMENT ASSOCIATION Actual Results for Public Relations Luncheon April Year 2 Operating funds allocated $25, 328 Expenses Variable costs Meals (1, 700 * $13.30) 22, 610 Postage (4, 400 x 0. 60) 2, 640 Fixed costs Facility 2, 300 Printing , 030 Decorations 920 Speaker's gift 210 Publicity 680 Total expenses 30, 390 Budget deficit $ (5, 062) Grav Hill Type here to search O 1X 8:42 AM 7/9/2021Home X Content Question 1 - Wk 4 - Practice: Planni X Special Guest | Book Upcoming X G drias promo code - Google Sea *Search Results | Course Hero *[Solved] The Gibson Managem > + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsCloseWindow. ... E Wk 4 - Practice: Planning, Coordinating, and Controlling Business Operations... i Saved Help Save & Exit Submit Check my work Reasons for the differences between the budgeted and actual data follow. 1. The president of the organization, Rodney Snow, increased the invitation list to include 1,000 former members. As a result, 4,400 20 invitations were mailed. points 2. Attendance was 1,700 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$2,300 B. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $13.3 per person. 4. Printing, decorations, the speaker's gift, and publicity costs were as budgeted. Book Required: a. 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. Print b. Compute flexible budget variances by comparing the flexible budget with the actual results. In References Complete this question by entering your answers in the tabs below. Required A Required B Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the effect of each (variance by selecting "F. for favorable, U" for unfavorable, and. None" for no effect (he: zero variance):)..... :.... Flexible Budget - Actual Results Flexible Variances Allocated funds $ 25,328 Expenses: Variable costs: Meals 22,610 Postage 2,640 Fixed costs: Facility 2,300 Printing 1,030 Decorations 920 Speaker's gift 210 Publicity 680 Total expenses 0,390 Surplus(deficit) S 5,062) Grav Type here to search O w] 4X 8:43 AM 7/9/2021Home X Content Question 1 - Wk 4 - Practice: Planni X Special Guest | Book Upcoming X G drias promo code - Google Sea *Search Results | Course Hero *[Solved] The Gibson Managem > + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsCloseWindow. ... E Wk 4 - Practice: Planning, Coordinating, and Controlling Business Operations... i Saved Help Save & Exit Submit Check my work Reasons for the differences between the budgeted and actual data follow. 1. The president of the organization, Rodney Snow, increased the invitation list to include 1,000 former members. As a result, 4,400 20 invitations were mailed. points 2. Attendance was 1,700 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$2,300 B. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $13.3 per person. 4. Printing, decorations, the speaker's gift, and publicity costs were as budgeted. Book Required: a. 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. Print b. Compute flexible budget variances by comparing the flexible budget with the actual results. In References 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 $ 25,328 Expenses: Variable expenses Meals 18,648 Postage 2,040 Fixed expenses Facility 1,800 Printing ,030 Decorations 920 Speaker's gift 210 Publicity 680 Total expenses 25,328 Surplus(deficit) 0 Required A Required B > Grav Hill Type here to search O 4X 8:43 AM 7/9/2021