https://docs.google.com/file/d/1vEZzL3qSv4uK9mZEjG4ywT-a-x21y7cY/edit?usp=docslist_api&filetype=msexcel

Using the attached link, I need help with the explanation because I don't understand it. Can you answer the following questions?

• Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.
• Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.
• Justify the favorable or unfavorable budget variances.
• Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget.
• Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations.