The Westwood Management Association held its annual public relations luncheon in April 2013. Based on the previous year's results, the organization allocated $23,810of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Andrea Cole, the treasurer, prepared the following budget for the 2013 luncheon The budget for the luncheon was based on the following expectations 1. The meal cost per person was expected to be $12.30. The cost driver for meals was attendance, which was expected to be 1,450 individuals 2. Postage was based on $0.54 per invitation and 3,250 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed 3. The facility charge is $1,500 for a room that will accommodate up to 1,600 people, the charge for one to hold more than 1,600 people is $2,000 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity WESTWOOD MANAGEMENT ASSOCIATION Public Relations Luncheon Budget April 2013 $23,810 Operating funds allocated Expenses Variable costs Meals (1,450 x $12.30 17,835 1,755 Postage (3,250x 0.54) Fixed costs Facility 1,500 Printing 1,000 Decorations 890 Speaker's gift 180 Publicity 650 Total expenses 23,810 Budget surplus (deficit)