For the Year Ended December 31 Actual number of productions.. 7 Actual number of performances. 168...
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For the Year Ended December 31 Actual number of productions.. 7 Actual number of performances. 168 Actors and directors wages. $341,800 Stagehands wages 49,700 Ticket booth personnel and ushers wages..... 25,900 Scenery, costumes, and props.. 130,600 Theater hall rent. . . 78,000 Printed programs. 38,300 Publicity... 15,100 Administrative expenses. Total.. 47,500 $726,900 Required: 1. Use Exhibit 9-11 as your guide, prepare a flexible budget performance report for the year that shows both spending variances and activity variances. 2. If you were on the board of directors of the theater, would you be pleased with how well costs were controlled during the year? Why, or why not? 3. The cost formulas provide figures for the average cost per production and average cost per performance. How accurate do you think these figures would be for predicting the cost of a new production or of an additional performance of a particular production? For the Year Ended December 31 Actual number of productions.. 7 Actual number of performances. 168 Actors and directors wages. $341,800 Stagehands wages 49,700 Ticket booth personnel and ushers wages..... 25,900 Scenery, costumes, and props.. 130,600 Theater hall rent. . . 78,000 Printed programs. 38,300 Publicity... 15,100 Administrative expenses. Total.. 47,500 $726,900 Required: 1. Use Exhibit 9-11 as your guide, prepare a flexible budget performance report for the year that shows both spending variances and activity variances. 2. If you were on the board of directors of the theater, would you be pleased with how well costs were controlled during the year? Why, or why not? 3. The cost formulas provide figures for the average cost per production and average cost per performance. How accurate do you think these figures would be for predicting the cost of a new production or of an additional performance of a particular production?
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