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Prepare a flexible budget and compute the sales

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Question - The president of the organization, Rodney Snow, increased the invitation list to include 1,000 former members. As a result, 4,050 invitations were mailed.

Attendance was 1,630 individuals. Because of higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to$1,600

At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $12.6 per person.

Printing, decorations, the speaker's gift, and publicity costs were as budgeted.

Required -

a. Prepare a flexible budget and compute the sales and variable cost volume variances based on a comparison between the master budget and the flexible budget.

 

b. Compute flexible budget variances by comparing the flexible budget with the actual results.

Reference no: EM133145871

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