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 (l.e., zero variance).) Flexible Budget Flexible Variances Actual Results $ 21,842 Allocated funds Expenses: Variable costs: Meals ces 20,538 1,863 1,600 960 Postage Fixed costs: Facility Printing Decorations Speaker's gift Publicity Total expenses Surplus(deficit) 850 140 610 26,561 (4.719) $ Check Actual results for the luncheon TONTOW. ADAMS MANAGEMENT ASSOCIATION Actual Results for Public Relations Luncheon April Year 2 Operating funds allocated $21,842 Expenses Variable costs Meals (1,630 x $12.60) 20,538 Postage (4,050 X 0.46) 1,863 Fixed costs Facility 1,600 Printing 960 Decorations 850 Speaker's gift 140 Publicity 610 Total expenses 26,561 Budget deficit $(4,719) 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, 4,050 invitations were mailed. 2. Attendance was 1,630 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to $1,600 3. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $12.6 per person. 4. Printing, decorations, the speaker's gift, and publicity costs were as budgeted