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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
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. Req 1 Req 2 Req Req 3B Reg 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Center Side Balcony Total Sales Mix Variance Favorable Favorable Unfavorable Favorable The total sales quantity variance. (Round your answers to the nearest whole dollar amour Center Side Balcony Total Sales Quantity Variance Unfavorable Unfavorable Unfavorable UnfavorableStep by Step Solution
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