The jordan management association held its annual luncheon. Based on previous year results the organization allocated $25,842.00 of it's budget for this. To ensure the costs would be appropriately controlled Molly, prepared the following budget.

.=- Co n heat C," i eztomheducatloncom Wk 4 - Practice: Planning, Coordinating, and Controllin... 0 Saved Help Save I. Exit Submit 1 The Jordan Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results, the organization allocated $25,842 of its operating budget to cover the cost otthe luncheon. To ensure that costs would be appropriately controlled, Molly Hubbard. the treasurer, prepared the following budget for the Year 2 luncheon. 20 palms The budget for the luncheon was based on the following expectations: A 1. The meal cost per person was expected to be $12.70. The cost driver for meals was attendance, which was expected to be 1,490 individuals. gawk 2. Postage was based on $0.62 per invitation and 3,450 invitations were expected to be mailed. The cost driver for postage was _ number of invitations mailed. H 3. The facility charge is $1,900 for a room that will accommodate up to 1,600 people; the charge for one to hold more than 1,600 Prlm people is $2,400. 4. A xed amount was designated for printing, decorations, the speaker's gift, and publicity. References NED\" \"Mm\" ASSOCIATION Public Relations Lunohaun Budget April Your 2 Operating funds allocated $25,342 Expenses Variable costs Meals (1,495 x 512.70) 18,923 Postage (3,450 x 0.62) 2,139 Fixed coats Facility 1,900 Printing Luna Decorations 9 3D Speaker's gm. 220 Publicity 590 Total expanses 25,342 nudge: surplus (deficit) s D Actual results for the luncheon follow. NEDA.\" \"Mm\" ASSOCIATION .=- Co n heat C," i ezto.mheducat|on.com Wk 4 - Practice: Planning, Coordinating, and Controllin... 0 Saved Help Save I. Exit Submit 1 Actual results for the luncheon follow. JORDAN \"AGREE\" \"SOCIATIDN 20 Actual. Results for Public Relations Luncheon 313111 Year 2 palms Operating funds allocated $25,342 Expenses Variable coats Mauls (1,71n x $13.40) 22,914 A Postage (4,450 n 0.62) 2,159 935'\" Fixed coats Facility 2,4n0 _ Printing 1.040 U Decorations 930 Prim Speaker's gift. 220 Publicity 690 b Total expenses 30,953 Raven\": Budge: deflclc $l5.111l Reasons for the differences between the budgeted and actual data follow. 1. The president of the organization, Rodney Snow, increased the invitation listto include 1,000 former members. As a result. 4,450 invitations were mailed. 2. Attendance was 1,710 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$2.400 .At the last minute. Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $13.4 per person. Printing, decorations. the speaker's gift, and publicity costs were as budgeted. pm Required: a. Prepare a exible budget and compute the sales and variable cost volume variances based on a comparison between the master budget and the exible budget. b. Compute flexible budget variances by comparing the flexible budget with the actual results. eCampus: Home Content Connect Homework Help - Q&A from Or x C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproduct... Wk 4 - Practice: Planning, Coordinating, and Controllin... Saved Help Save & Exit Submit Check my work Complete this question by entering your answers in the taps below. Required A Required B 20 points 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 Master Budget Flexible Budget = Volume Variance Book Allocated funds $ 25,842 Expenses: Print Variable expenses Meals 18,923 Postage 2,139 References Fixed expenses Facility 1,900 Printing 1,040 Decorations 930 Speaker's gift 220 Publicity 690 Total expenses 25,842 Surplus(deficit) $ 0 Required A Required B > Mc Graw Hill eCampus: Home Content Connect Homework Help - Q&A from Or x C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproduct... Wk 4 - Practice: Planning, Coordinating, and Controllin... Saved Help Save & Exit Submit Check my work Complete this question by entering your answers in the taps below. Required A Required B 20 points 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 Book Allocated funds $ 25,842 Expenses Variable costs: Print Meals 22,914 Postage 2,759 Fixed costs: References Facility 2,400 Printing 1,040 Decorations 930 Speaker's gift 220 Publicity 690 Total expenses 30,953 Surplus(deficit) $ 5, 111) Required A Required B > Mc Graw Hill