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(i) (Click the icon to view the additional information.) The budgeted and actual average attendance figures per game in the 2020 season are as follows:
(i) (Click the icon to view the additional information.) The budgeted and actual average attendance figures per game in the 2020 season are as follows: 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 manag 20% below budgeted attendance per game, especially given the booming state of the local economy in the past 6 months. Read the requirements. Requirement 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Ravens in 2020. (Calculate all variances in terms of contribution margins.) \begin{tabular}{|l|l|} Requirements & Sales-volumeCompicagoRavensin2020.(Calculateallvariancesintermsofcontributionmargins.)2.Computethesales-quantityandsales-mixvariancesforeachtypeofticketandintotalin2020.3.Commentonthevarianceresultsfromrequirements1and2. \\ \hline \end{tabular} More info The Ravens play in the Downtown Arena, which is owned and managed by the City of Chicago. The arena has a capacity of 17,500 seats (6,500 lower-tier seats and 11,000 upper-tier seats). The arena charges the Ravens a per-ticket charge the Ravens a reservation fee per ticket. The Ravens' budgeted contribution margin for each type of ticket in 2020 is computed as follows: Data table
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