Exercise 16-18 (similar to) Question Help The Penguins play in the North American Ice Hockey League. The Penguins play in the Downtown Arena (owned and managed by the City of Downtown), which has a capacity of 17500 seats (6,000 tower-tier seats and 11,500 upper-tier seats) The Downtown Arena charges the Penguins a per ticket charge for use of the facility All tickets are sold by the Reservation Network, which charges the Penguins a reservation fee per licket. The Renguins' budgeted contribution margin for each type of ticket in 2018 is computed as follows: Click the icon to view the budgeted contribution margin information) The budgeted and actual average attendance figures per game in the 2018 season are as follows en (Click the icon to view the budgeted and actual average attendance figures.) There was no difference between the budgeted and actual contribution margin for lower-tier or upper-tier seats. The manager of the Penguins was depressed that actual attendance was 12% below budgeted attendance per game, especially given the booming state of the local economy in the past 5x months Requited Requirement 1. Compute the sales-volume vanance for each type of ticket and in total for the Penguins in 2018 (Calculate all variances in terms of contribution margins Determine the formula for sales-volume variance Then compute the sales volume variance for each type of ticket and in total for the Penguins in 2018 Label each variance as favourable (F) or unfavourable (U) Sales volume 3 varianca uyeleu MDUUUldly ELLE ULELII 2010 is un peu ds JULIUWS. e icon to view the budgeted contribution margin information.) d and actual average attendance figures per game in the 2018 season are as follows: e icon to view the budgeted and actual average attendance figures.) difference between the budgeted and actual contribution margin for lower-tier or upper-tier seats. The manager of the Penguir hat actual attend he local economy A Budgeted contribution margin information le all variances in nt 1. Compute the margins) he formula for sa each variance a Lower-Tier Tickets $ 37 Upper-Tier Tickets $ 15 ptal for the Pengui Selling price Downtown Arena fee Reservation Network fee 4 9 3 5 3-volume fiance 25 6 Contribution margin per ticket Print Done many drop-down ist and then click Checce Answer actual average attendance figures per game in the 2018 season are as follows: n to view the budgeted and actual average attendance figures.) erence between the budgeted and actual contribution margin for lower-tier or upper-tier seats. The manager of the Pengu Stual attendance was 12% below budgeted attendance per game, especially given the booming state of the local econom i Average attendance figures (Calculate all variances in Compute the sales- sins.) rmula for sales-volun variance as favoura and in total for the Pengu Lower-tier Upper-tier Budgeted Seats Sold 5.000 7,500 12.500 Actual Seats Sold 3.300 7,700 Sales-volume variance Total 11,000 Print Done ny drop-down list and then click Check Answer LE ULC Idulily. Al are sold by the Reservation Network, which charges the Penguins a reservation fee per tick ains' budgeted contribution margin for each type of ticket in 2018 is computed as follows: Click the icon to view the budgeted contribution margin information) udgeted and actual average attendance figures per game in the 2018 season are as follows: Click the icon to view the budgeted and actual average attendance figures.) was no difference between the budgeted and actual contribution margin for lower-tier or upper-tier seats. The manager of the Penguins ssed that actual attendance was 12% below budgeted attendance per game, especially given the booming state of the local economy i onths. red i Required arement 1. Ces in te bution marg mine the for Penguin 1. Compute the sales-volume variance for each type of ticket and in total for the Penguins in 2018 Label each (Calculate all variances in terms of contribution margins.) 2. Compute the sales-quantity and sales-mix variances for each type of ticket and in total in 2018 3. Present a summary of the variances in requirements 1 and 2 Comment on the results - Print Done se from any drop-doin island then click Check Answer Check
