is Avalos - Outlook x Home x Content mheducation. com/ ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252AlmsCloseW x itice: Planning. Coordinating, and Controlling Business Operations.. Question 1 - Wk 4 - Practice: Pu. x Gradebook Saved The Gibson Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results, the organization allocated $25,328 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled. Molly Hubbard, the treasurer, prepared the following budget for the Year 2 luncheon. The budget for the luncheon was based on the following expectations. individuals. 1. The meal cost per person was expected to be $12.60. The cost driver for meals was attendance, which was expected to be 1,480 2. Postage was based on $0.60 per invitation and 3,400 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed. 3. The facility charge is $1,800 for a room that will accommodate up to 1,600 people, the charge for one to hold more than 1,600 people is $2,300. 4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity. GIBSON MANAGEMENT ASSOCIATION Public Relations Luncheon Budget April Year 2 Operating funds allocated $25, 328 Expenses Variable costs 18, 646 Meals (1, 430 x $12.60 2, 040 Postage (3, 408 x 6.66) Fixed costs 1, 800 Facility 1/036 Printing 920 210