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Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget. $($This means to explain in writing what the results are between the Flexible Budget and the Master Budget Variances and; what may have caused the variances$).$

Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results. $($This means to explain in writing what the results of the variances are based on the comparison between the Flexible budget and the actual results and;, what may have caused the variances$).$

Justify the favorable or unfavorable budget variances. $($This means to explain in writing what the results of overall total variances $($net surplus or deficit$)$ are and, what may have caused the variances.$)$

Since this is a not$-$for$-$profit organization, address why anyone should be concerned with meeting the budget. $($This means to explain in writing why anyone would be concerned with the budget$)$

Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations. $($This means to explain in writing what can be done differently to eliminate unfavorable variances for future luncheons$)$

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