1 Variance analysis of revenues, multiple countries. Vista Productions markets movies on behalf of independent production companies. It is cur- rently examining the results for Road Warrior, an action movie made in Aus- tralia. Vista has marketing rights in five countries. The budgeted and actual results for these five countries for 19_8 are as follows: Budget for 19_8 Actual for 19_8 Revenue Tickets Revenue Tickets Country per Person Sold per Person Sold United States $2.50 5,500,000 $2.40 5,400,000 Canada 2.00 1,800,000 2.05 2,160,000 Japan 2.80 1,200,000 3.10 6,300,000 United Kingdom 2.20 1,000,000 2.10 2,700,000 New Zealand 1.80 500,000 1.90 1,440,000 REQUIRED 1. Conduct a Level 1 to Level 3 variance analysis (see Exhibit 16-4) of the 19_8 revenues for Vista Productions from marketing Road Warrior. Show computations for each country and for the total of all five coun- tries. 2. What conclusions do you draw from your analysis in requirement 1?