(similar to) Question Help The Bears play in the North American Ice Hockey League The Bears play in the Downtown Arena (owned and managed by the City of Downtown), which has a capacity of 17,500 seats (6,000 lower-tier seats and 11,500 upper tier seats). The Downtown Arena charges the Bears a per ticket charge for use of the 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 2018 is computed as follows: Click the icon to view the budgeted contribution margin information) The budgeted and actual average attendance figures per game in the 2018 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 sonts. The manager of the Bears was depressed that actual attendance was 4% below budgeted attendance per game, especially given the booming state of the local economy in the past six months Required Requirement 1. Compute the sales volume variance for each type of ticket and in total for the Boara in 2018. (Calculato all variances in terms of contribution made Determine the formula for sales volume varionon. Then compute the sales volume variance for each type of ticket and in total for the Bears in 2018. Label each variance os favourable (F) or unfavourable (U), Sales volume Actual sales aty, in Budgeted sales aty, in units)x Budgeted CM per ticket variance Lower-tier ) w the budgeted contribution margin information) I average attendance figures per game in the 2018 season are as follows: -w the budgets between the Budgeted contribution margin information w budgeted a X Bears was depressed the fonths. te the sales- or sales volum vourable (U). Lower-Tier Tickets $ 36 Upper-Tier Tickets $ 12 s in terms of contribution Bears in 2018. Label eac 10 4 sales aty, in Selling price Downtown Arena fee Reservation Network fee Contribution margin per ticket 3 5 23 $ 3 Print Done Done B (similar to) Question American Ice Hockey League. The Bears play in the Downtown Arena (owned and managed by the City of Downtown), which he -tier seats and 11,500 upper-tier seats). The Downtown Arena charges the Bears a per-ticket charge for use of the facility. All tic which charges the Bears a reservation fee per ticket. The Bears' budgeted contribution margin for each type of ticket in 2018 is e budgeted contribution margin information.) erage attendance figures per game in the 2018 season are as follows: me budgeted and actual average attendance figures.) ween the budgeted udgeted attendanc Average attendance figures - X per of the Bears was depressed the past six months. ne sales-volume va ales-volume variand irable (U). Actual Seats Sold variances in terms of contribution tal for the Bears in 2018. Label ea Lower-tier Budgeted Seats Sold 5,000 7,500 4,200 7,800 Upper-tier les qty. in units -volume Fiance 12,500 12,000 Total Print Done ter any number in the input fields and then click Check Answer. Clear All Check Answer age Tigures.) etween the budgeted and actual contribution margin for lower-tier or upper-tier seats. The manager of the Bears was dep * Required bf ce S 1018 "O 1. Compute the sales volume variance for each type of ticket and in total for the Bears in 2018. (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 2018. 3. Present a summary of the variances in requirements 1 and 2. Comment on the results. sa Print Done (similar to) Question Help The Bears play in the North American Ice Hockey League The Bears play in the Downtown Arena (owned and managed by the City of Downtown), which has a capacity of 17,500 seats (6,000 lower-tier seats and 11,500 upper tier seats). The Downtown Arena charges the Bears a per ticket charge for use of the 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 2018 is computed as follows: Click the icon to view the budgeted contribution margin information) The budgeted and actual average attendance figures per game in the 2018 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 sonts. The manager of the Bears was depressed that actual attendance was 4% below budgeted attendance per game, especially given the booming state of the local economy in the past six months Required Requirement 1. Compute the sales volume variance for each type of ticket and in total for the Boara in 2018. (Calculato all variances in terms of contribution made Determine the formula for sales volume varionon. Then compute the sales volume variance for each type of ticket and in total for the Bears in 2018. Label each variance os favourable (F) or unfavourable (U), Sales volume Actual sales aty, in Budgeted sales aty, in units)x Budgeted CM per ticket variance Lower-tier ) w the budgeted contribution margin information) I average attendance figures per game in the 2018 season are as follows: -w the budgets between the Budgeted contribution margin information w budgeted a X Bears was depressed the fonths. te the sales- or sales volum vourable (U). Lower-Tier Tickets $ 36 Upper-Tier Tickets $ 12 s in terms of contribution Bears in 2018. Label eac 10 4 sales aty, in Selling price Downtown Arena fee Reservation Network fee Contribution margin per ticket 3 5 23 $ 3 Print Done Done B (similar to) Question American Ice Hockey League. The Bears play in the Downtown Arena (owned and managed by the City of Downtown), which he -tier seats and 11,500 upper-tier seats). The Downtown Arena charges the Bears a per-ticket charge for use of the facility. All tic which charges the Bears a reservation fee per ticket. The Bears' budgeted contribution margin for each type of ticket in 2018 is e budgeted contribution margin information.) erage attendance figures per game in the 2018 season are as follows: me budgeted and actual average attendance figures.) ween the budgeted udgeted attendanc Average attendance figures - X per of the Bears was depressed the past six months. ne sales-volume va ales-volume variand irable (U). Actual Seats Sold variances in terms of contribution tal for the Bears in 2018. Label ea Lower-tier Budgeted Seats Sold 5,000 7,500 4,200 7,800 Upper-tier les qty. in units -volume Fiance 12,500 12,000 Total Print Done ter any number in the input fields and then click Check Answer. Clear All Check Answer age Tigures.) etween the budgeted and actual contribution margin for lower-tier or upper-tier seats. The manager of the Bears was dep * Required bf ce S 1018 "O 1. Compute the sales volume variance for each type of ticket and in total for the Bears in 2018. (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 2018. 3. Present a summary of the variances in requirements 1 and 2. Comment on the results. sa Print Done