The Zachary Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results the organization allocated $31,202 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Molly Hubbard, the treasuresprepared the following budget for the Year 2 luncheon

The Zochary Management Association held its arnual public telations Huneheon in Aori Yeat 2 . Based on the previous year's resuts the organiration allocated $31202 of is operating budges to cover the cost of the lunchech. To ensure that costs would be appropriately controlied, Molly Hubbard, the treasurer, prepared the followng budget for the Vear 2 luncheon. The budget for the lunicheon was based on the foliownd expectations 1. The meal cost per person was expected to be $B70 the cost driver far meds was attendance: which was expected to be 1,590 indrivetuals 2. Postage was based on $0.82 per ietytation and 3,950 invtations wete expected to be malled the cost diver for postage wos number of invtatbons moded 3. The facdity charge is $2.900 for a room that wil accommodate ug to 1700 people the charge for one to hald mote than 1000 people is 53,400 4. A foecd amount was desgrated for pliming. decorabons, the speaver's oft, and puelioty Actual results tar the kancheon sollow 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 invitaton list to include 1,000 former members. As a result 4,950 invitations were maled 2. Attendance was 1,810 individuals. Because of higher-than-expected attendance, the luricheon was moved to a larger room, thereby increasing the facility charge to 33,400 3. At the last minute. Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to 3144 per person. 4. Printing decorations, the speaker's gift and publicity costs were as budgeted Required: B. Prepare a flexible budget and compule the sales and varible cost volume variances bused on a camparison befween the master budget and the flexible bodget: b. Compute flexible budget variances by comparing the flexible budget with the actual resilts. Complete this question by entering your answers in the tobs below. Prepare a feoible budget and compute the sales and variable cost volime variances based cn a comparison betiwen the and "None" for no effect (i.s., zero variance).) Required: o. Prepare a flexable budget and compute the sales and variable cost volume variances based on a comparison between the master. budget and the flexible budget b. Compute fiexible budget varances by comparing the flexible buctet with the actual results. Complete this question by entering your onswers in the tabs below: Compute flewble budget variances by comparing the flexible budget with the wctual results. (Indicate the etfect of asch varince by salecting tF" for favorable, U2 for uritwyorable, and None' for no oftect (i.e, zeco variance). The Zochary Management Association held its arnual public telations Huneheon in Aori Yeat 2 . Based on the previous year's resuts the organiration allocated $31202 of is operating budges to cover the cost of the lunchech. To ensure that costs would be appropriately controlied, Molly Hubbard, the treasurer, prepared the followng budget for the Vear 2 luncheon. The budget for the lunicheon was based on the foliownd expectations 1. The meal cost per person was expected to be $B70 the cost driver far meds was attendance: which was expected to be 1,590 indrivetuals 2. Postage was based on $0.82 per ietytation and 3,950 invtations wete expected to be malled the cost diver for postage wos number of invtatbons moded 3. The facdity charge is $2.900 for a room that wil accommodate ug to 1700 people the charge for one to hald mote than 1000 people is 53,400 4. A foecd amount was desgrated for pliming. decorabons, the speaver's oft, and puelioty Actual results tar the kancheon sollow 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 invitaton list to include 1,000 former members. As a result 4,950 invitations were maled 2. Attendance was 1,810 individuals. Because of higher-than-expected attendance, the luricheon was moved to a larger room, thereby increasing the facility charge to 33,400 3. At the last minute. Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to 3144 per person. 4. Printing decorations, the speaker's gift and publicity costs were as budgeted Required: B. Prepare a flexible budget and compule the sales and varible cost volume variances bused on a camparison befween the master budget and the flexible bodget: b. Compute flexible budget variances by comparing the flexible budget with the actual resilts. Complete this question by entering your answers in the tobs below. Prepare a feoible budget and compute the sales and variable cost volime variances based cn a comparison betiwen the and "None" for no effect (i.s., zero variance).) Required: o. Prepare a flexable budget and compute the sales and variable cost volume variances based on a comparison between the master. budget and the flexible budget b. Compute fiexible budget varances by comparing the flexible buctet with the actual results. Complete this question by entering your onswers in the tabs below: Compute flewble budget variances by comparing the flexible budget with the wctual results. (Indicate the etfect of asch varince by salecting tF" for favorable, U2 for uritwyorable, and None' for no oftect (i.e, zeco variance)