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Please answer ALL requirements. E 14-23 (final answer) A Question Help The Chicago Hawks play in the American Ice Hockey League. The Hawks play in
Please answer ALL requirements.
E 14-23 (final answer) A Question Help The Chicago Hawks play in the American Ice Hockey League. The Hawks play in the Downtown Arena, which is owned and managed by the City of Chicago. The arena has a capacity of 15,000 seats (5,500 lower-tier seats and 9,500 upper-tier seats). The arena charges the Hawks a per-ticket charge for use of its facility. All tickets are sold by the Reservation Network, which charges the Hawks a reservation fee per ticket. The Hawks' budgeted contribution margin for each type of ticket in 2013 is computed as follows: (Click the icon to view the budgeted contribution margin data.) The budgeted and actual average attendance figures per game in the 2013 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 manager of the Hawks was delighted that actual attendance was 10% above budgeted attendance per game, especially given the depressed state of the local economy in the past six months. Read the requirements Requirement 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Hawks in 2013. (Calculate all variances in terms of contribution margins.) (Label each variance as favorable (F) or unfavorable (U).) Sales-volume variance Lower-tier Upper-tier Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer 1 Data Table Lower-Tier Tickets Upper-Tier Tickets Selling price Downtown Arena fee 12. INOA Reservation Network fee Contribution margin per ticket Print Done A Data Table Budgeted Seats Sold Actual Seats Sold Lower tier 4,500 5,500 3,300 7,700 Upper tier 10,000 11,000 Total Print Done 0 Requirements 1. Compute the sales volume variance for each type of ticket and in total for the Chicago Hawks in 2013. (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 2013 3. Comment on the variance results from requirements 1 and 2 Print Done
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