please be specfic , explain the process please

THE HEADINGS ON THE SECOND TABLE ARE MISALIGNED DUE TO CANVAS SETTINGS. MOVE THE HEADINGS TO THE LEFT SO THEY ALIGN WITH THE PROPER NUMBERS COLUMNS: ACTUAL RESULTS, VARIANCES, FLEXIBLE BUDGETS. This Discussion focuses on the Case of "The Little Theatre" at the end of Chapter 9. I am providing the solution for questions 1 3. If you were on the board of directors of the theatre, would you be pleased with how well costs were controlled during the year? Why or why not? (Will not accept questions based on opinions, must use the concepts and examples included in the chapter to answer). (40 points) 4. 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? HINT: Think about what standard costs are and how they are used. (40 points) The Little Theatre Flexible Budget For the Year Ended December 31 Actual number of productions (91).. 7 Actual number of performances (92).... 168 Actors' and directors' wages ($2,000(2)... $336,000 50,400 25,200 Stagehands' wages ($3000...... Ticket booth personnel and ushers' wages ($150(2)....... Scenery, costumes, and props ($18,0001)..... Theater hall rent ($50092)......... 126,000 84,000 Printed programs ($25092)... 42.000 Publicity ($2,000q1).... 14.000 Administrative expenses ($32,400 + $1,080q1 +$4092).... 46.680 Publicity ($2,000q1). 14.000 Administrative expenses ($32,400 + $1,08091 +$40q2..... 46,680 Total expense... BE $724,280 The Little Theatre Spending Variances For the Year Ended December 31 Actual Spending Results Variances Flexible Budget 7 Number of productions (91...7 Number of performances (92)... 168 168 Actors' and directors' wages $341,8 $5,800 ($2,000(2)............... 00 U $336,000 Stagehands' wages ($30002)... 49.700 700 F 50.400 Ticket booth personnel and ushers' wages ($1500)......... 25,900 700 U 25,200 Number of performances (92)... 168 168 Actors' and directors' wages ($2,000q2............ $341,8 $5,800 U 00 $336,000 Stagehands' wages ($30092)... 49.700 700 F 50,400 Ticket booth personnel and ushers' wages ($150q2.... 25,900 700 U 25,200 vices Scenery, costumes, and props 130,60 4,600 ($18,000q1)......... 0 U 126.000 Lurse Theater hall rent ($50092)........ 78,000 6,000 F 84.000 Printed programs ($2502)....... 38,300 3.700 F 42.000 burces Publicity ($2,000q1)........... 15.100 1.100 U 14.000 Administrative expenses 47.5 ($32,400 + $1,080q1 +$4092) 00 820 U 46,680 Total expense. $726,2 $2,620 00 U $724,280 THE HEADINGS ON THE SECOND TABLE ARE MISALIGNED DUE TO CANVAS SETTINGS. MOVE THE HEADINGS TO THE LEFT SO THEY ALIGN WITH THE PROPER NUMBERS COLUMNS: ACTUAL RESULTS, VARIANCES, FLEXIBLE BUDGETS. This Discussion focuses on the Case of "The Little Theatre" at the end of Chapter 9. I am providing the solution for questions 1 3. If you were on the board of directors of the theatre, would you be pleased with how well costs were controlled during the year? Why or why not? (Will not accept questions based on opinions, must use the concepts and examples included in the chapter to answer). (40 points) 4. 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? HINT: Think about what standard costs are and how they are used. (40 points) The Little Theatre Flexible Budget For the Year Ended December 31 Actual number of productions (91).. 7 Actual number of performances (92).... 168 Actors' and directors' wages ($2,000(2)... $336,000 50,400 25,200 Stagehands' wages ($3000...... Ticket booth personnel and ushers' wages ($150(2)....... Scenery, costumes, and props ($18,0001)..... Theater hall rent ($50092)......... 126,000 84,000 Printed programs ($25092)... 42.000 Publicity ($2,000q1).... 14.000 Administrative expenses ($32,400 + $1,080q1 +$4092).... 46.680 Publicity ($2,000q1). 14.000 Administrative expenses ($32,400 + $1,08091 +$40q2..... 46,680 Total expense... BE $724,280 The Little Theatre Spending Variances For the Year Ended December 31 Actual Spending Results Variances Flexible Budget 7 Number of productions (91...7 Number of performances (92)... 168 168 Actors' and directors' wages $341,8 $5,800 ($2,000(2)............... 00 U $336,000 Stagehands' wages ($30002)... 49.700 700 F 50.400 Ticket booth personnel and ushers' wages ($1500)......... 25,900 700 U 25,200 Number of performances (92)... 168 168 Actors' and directors' wages ($2,000q2............ $341,8 $5,800 U 00 $336,000 Stagehands' wages ($30092)... 49.700 700 F 50,400 Ticket booth personnel and ushers' wages ($150q2.... 25,900 700 U 25,200 vices Scenery, costumes, and props 130,60 4,600 ($18,000q1)......... 0 U 126.000 Lurse Theater hall rent ($50092)........ 78,000 6,000 F 84.000 Printed programs ($2502)....... 38,300 3.700 F 42.000 burces Publicity ($2,000q1)........... 15.100 1.100 U 14.000 Administrative expenses 47.5 ($32,400 + $1,080q1 +$4092) 00 820 U 46,680 Total expense. $726,2 $2,620 00 U $724,280