The sales volume variance is thedifference between the actual andexpected number of units sold,multiplied by the budgeted priceper unit.A cost variance is thedifference between an actual andbudgeted expenditures(accountingtools.com, 2021).Throughout the planning and coordination of the Public Relations Luncheon, changes were madethat created a $5,800 deficit.Those changes include an additional 1,000 invitations, which resultedin a $490 increase to postage cost; a change in attendance from 1,500 people to 1,620 people whichled to a $500 increase in the facility cost, and a change in meal cost per person which resulted in anincrease of $4,810 added to the menu costs