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Requirements 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Bears in 2020. (Calculate all variances in terms
Requirements 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Bears in 2020. (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 2020. 3. Comment on the variance results from requirements 1 and 2 . The Bears play in the Downtown Arena, which is owned and managed by the City of Chicago. The arena has a capacity of 17,500 seats (6,000 lower-tier seats and 11,500 upper-tier seats). The arena charges the Bears a per-ticket charge for use of its facility. All tickets are sold by the Reservation Network, which charges the Bears a reservation fee per ticket. The Bears' budgeted contribution margin for each type of ticket in 2020 is computed as follows: Data table The Chicago Bears play in the American Ice Hockey League. There was no difference between the budgeted and actual (Click the icon to view the additional information.) contribution margin for lower-tier or upper-tier seats. The manage The budgeted and actual average attendance figures per game in the of the Bears was unhappy that actual attendance was 20% below 2020 season are as follows: budgeted attendance per game, especially given the booming sta (Click the icon to view the budgeted and actual average of the local economy in the past 6 months. attendance figures.) Read the requirements. numbers. Abpreviation usea: qty = quantity.)
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