The Redmond Management Association held its annual public relations luncheon in April year 2. Based on the previous year's results, the organization allocated \\( \\$ 25,290 \\) 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. The budget for the luncheon was based on the following expectations: 1. The meal cost per person was expected to be \\( \\$ 14.50 \\). The cost driver for meals was attendance, which was expected to be 1,400 individuals. 2. Postage was based on \\( \\$ 0.49 \\) per invitation and 3,000 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed. 3. The facility charge is \\( \\$ 1,000 \\) for a room that will accommodate up to 1,600 people; the charge for one to hold more than 1,600 people is \\( \\$ 1,500 \\). 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity: Actual results for the luncheon follow. Actual results for the luncheon follow. 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, 4,000 invitations were malled. 2. Attendance was 1,620 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larget room, thereby increasing the facility charge to \\( \\$ 1,500 \\). 3. At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to \\( \\$ 15.50 \\) per person. 4. Printing. decorations, the speaker's gift, and publicity costs were as budgeted. Required a. Prepare a flexible budget and compute the salos 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. 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).)