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Please help with explanations The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,500 seats: 2,300 center seats, 2,800 side seats, and 3,400
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The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,500 seats: 2,300 center seats, 2,800 side seats, and 3,400 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage occupied Ticket Price Budgeted Seats Actual Seats 80 85% Center 80% Side 75 70 70 Balcony 75 60 65 The actual ticket prices are 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. (Round your answers to 4 decimal places. (i.ee. .123456 12.3456%)) Budgeted Sales Actual Sales Quantity Quantity and Mix and Mix Center Side Balcony 2. The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. (Round your answer to 4 decimal places.) Budgeted average contribution margin per seat 68.4451Step by Step Solution
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