The Westwood Management Association held its annual public relations luncheon in April 2013. Based on the previous year's results, the organization allocated $26,360of 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 $12.80. The cost driver for meals was attendance, which was expected to be 1,500 individuals. 2. Postage was based on $0.64 per invitation and 3,500 invitations were expected to be mailed. The cost driver for postage was number ofinvitations mailed 3. The facility charge is $2,000 for a room that will accommodate up to 1,700 people; the charge for one to hold more than 1,700 people is $2,500. 4. Afixed amount was designated for printing, decorations, the speaker's gift and publicity. WESTWOOD MANAGEMENT ASSOCIATION Public Relations Luncheon Budget April 2013 $26,360 Operating funds allocated Expenses Variable costs Meals (1,500 x $12.80 19,200 Postage (3,500x 0.64) 2,240 Fixed costs Facility 2,000 1,050 Printing 940 Decorations 230 Speaker's gift 700 Publicity 26,360 Total expenses 0 Budget surplus (deficit