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  3. compute flexible budget variances by comparing the

Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the...

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Accounting

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Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
Flexible Budget - Actual Results = Flexible Variances
Allocated funds $27,408
Expenses:
Variable costs:
Meals 23,838
Postage 3,128
Fixed costs:
Facility 2,700
Printing 1,070
Decorations 960
Speakers gift 250
Publicity 720
Total expenses 32,666
Surplus(deficit) $(5,258)

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