Beta Alpha Psi , the accounting honorary fraternity , help a homecoming party, The fraternity expected attendance of 80 person and prepared the following budget

Room rental $ 150.00 Food $ 800.00 Entertainmet $ 600.00 Decoration $220.00 Total Budget $1770.00

After all the bills for the party were paid ,the total cost came to $1948.00 or $178.00
Over budget . Details are $150.00 for rental : 1013.00 for food $ 600.00 for entertainment ; and $185.00 for decoration. Nienty -five person attendance the party




A Prepare a performance report for the party that show how actual cost differed from the budget.
Shows how actual amount ,and variance .

B Calculate the quantity variance and the price variance and explain which of these different
May have resulted in the $178.00 over budget amount.