index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fultra%252Fcourses%252F_2591 Practice: Planning, Coordinating, and Controlling Business Operations... i Saved 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) rences 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, 4,900 invitations were mailed. 2. Attendance was 1,800 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$3,300 3. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $14.3 per person. 4. Printing, decorations, the speaker's gift, and publicity costs were as budgeted. 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. 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 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 (i.e., zero variance).) Flexible Budget Actual Results = Flexible Variances