Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I ONLY NEED Q3A & Q3B PLEASE!! The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,900 seats: 2,200 center seats, 2,700 side

image text in transcribedimage text in transcribedimage text in transcribed

I ONLY NEED Q3A & Q3B PLEASE!!

The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,900 seats: 2,200 center seats, 2,700 side seats, and 3,000 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Ticket Budgeted Actual Price Seats Seats $ 90 80% 85% 80 70 75 70 75 Center Side Balcony 65 The actual ticket prices were the same as those budgeted. Once a show has been booked, the total cost does not vary with the total attendance. Required: Compute the following for the show: 1. The budgeted and actual sales mix percentages for different types of seats. 2. The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. 3-a. The total sales mix variance. 3-b. The total sales quantity variance. 4. The total sales volume variance. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Req 3B Req 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Center Side Balcony Total Favorable Req 1 Req 2 Req 3A Req 3B Reg 4 The total sales quantity variance. (Round your answers to the nearest whole dollar Center Side Balcony Total Sales Quantity Variance Unfavorable Unfavorable Unfavorable Unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Just In Time Accounting How To Decrease Costs And Increase Efficiency

Authors: Steven M. Bragg

3rd Edition

0470403721, 978-0470403723

Students also viewed these Accounting questions

Question

Do I have evidence for this statement?

Answered: 1 week ago