13 The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater hos o very small full-time professional administrative staff. Through a special arrangement with the actors union, actors and directors rehearse without pay and are paid only for actual performances. The Little Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was Peter Rabbit, which had a six-week run with three performances on each weekend. The costs from the current year's planning budget appear below. Sinne The Little Theatre Costs from the Planning Budget For the Year Ended December 31 Budgeted number of productions Budgeted number of performances 108 Actors and directors wages Stagehands wages Ticket booth personnel and ushers Scenery, costumes, and props Theater hall rent Printed programs Publicity Administrative expenses Total $216,00 32,400 16,200 108,000 54,000 27,000 12,000 43,200 $508, see Check 13 Actual Costs For the Year Ended December 31 Actual number of productions Actual number of performances Actors and directors wages Stagehands wages Ticket booth personnel and ushers wages Scenery, costumes, and props Theater hall rent Printed programs Publicity Administrative expenses Total $341,800 49,700 25,900 110,500 78,000 38,390 15,180 42. See $728.00 Required Prepare a exinle budget performance report for the year that shows botn spending verances and activity variance indicate the effect of each variance by selecting "F for favorable, 'U' for unfavorable, and "Nonell for no effect (e., Rere variance Input all amounts as positive values) The Theatre Flexible u ut Performance Report For the Year Ended December 31 al $588,888 Some of the costs vary with the number of productions, some with the number of performances, and some are fixed and depend on neither the number of productions nor the number of performances. The costs of scenery, costumes, props, and public ty vary with the number of productions. It doesn't make any difference how many times Peter Rabat is performed, the cost of the scenery is the same. Likewise the cost of publicizing a play with posters and raclio commercials is the same whether there are 10, 20 o 30 performances of the play. On the other hand, the wages of the actors, directors, stagehands, ticket booth personnel, and ushers very with me number of performances. The greater the number of performances, the higher the wage costs will be Simiony, the cost of renting the hall and pointing the programs will vary with the number of performances. Administrative expenses are more difficult to analyze but the best enimole is that approximately 75% of the budgeted costs are fored 15% depend on the number of productions staged and the remaining 10% depend on the number of performances Nore. All costs are variable with the exception of Administrative Expenses which includes both variable and fred costs. Based on the information above, determine the variable cost per production or per performance. For exemple, scenery varies based on number of productions 1108.000/6 productions - 18000 per production Administrative Expenses - 755 Fxed (43,700x75%) 15% variable per production (43.200,15% productions), 10% wariable per performance 43.200x105108 performances) Aner the beginning of the year the board of directors of the theater autorised expanding the theater's program to seven productions and a total of 108 performances Not surprisingly accosts were considerably higher that costs from the pating budget Grants from donors and ticket sales were also correspondingly highet ut are not shown here. Doto concerning the actual costs appear below. The Little Theatre Actual Costs For the Year Ended December 31 Actual number of productions Actual number of performances