You've agreed to handle the financial arrangements for your high school reunion You call the restaurant where the reunion will be held and jot down the most important information. The meal cost (including beverages) will be $30 per person plus a 15% gratuity. An additional $200 will be charged for a banquet room with a dance floor A band has been hired for $500 One of the members of the reunion committee informs you that there is just enough money left in the class bank account to cover the printing and mailing costs. He mentions that at least one-half of the class of 400 will attend the reunion and wonders if he should add the 15% gratuity to the $30 per person meal cost when he drafts the invitation, which will indicate that a check must be returned with the reply card. How should you respond? How much will you need to charge to cover the various costs? After your decision, label your answer with the managerial accounting terms covered in this chapter. Finally, identify any issues that should be investigated further