14-23 (30-40min.) Variancenalysismultipleroducts. The ChicagoWolvesplay in the Americanice HockeyLeague.The Wolvesplay in the DowntownArena, whichis ownedand managedby the City of Chicago.The arenahas a capacityof 17,500seats(6,500lowertier seatsand 11,000uppertierseats).Thearenacharges the Wolvesa perticketchargefor use of its facility All ticketsare soldby the Reservation Network,whichchargesthe Wolvesa reservationfee per ticket. The Wolves budgeted contributionmarginforeachtypeofticketin 2013is computeds follows: Thebudgeteandactualaverageattendanceigurepergamein the2013seasomreas follows: Therewasno differencetweenthe budgetedandactualcontributiomarginforlowertier or uppertierseats. Themanageof the Wolveswas unhappythat actualattendancevas 20%belowbudgeted attendanceer game,especiallygiventhe boomingtateof the localeconomyin the pastsix months. Required: 1. Computehe salesvolumevariancefor each type of ticketand in total for the Chicago Wolvesn 2013(Calculatell variancein termsof contributionmargins.) 2. Computehe salesquantityand salesmix variancefor eachtypeof ticketand in total in 2013. 3. Present summaryfthevariancein requirementsand2. Commenon theresults