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The Badgers are a pro sports team. The teams sells three different type of tickets: Deluxe, Lower level and upper level. Information from the prior

The Badgers are a pro sports team. The teams sells three different type of tickets: Deluxe, Lower level and upper level. Information from the prior year is as follows: (Tip- Revenue Variances)

BUDGET:

Contribution Margin

Number of

Per seat

Seats

deluxe

$ 100

2,000

lower level

50

6,000

upper level

20

8,000

ACTUAL:

Contribution Margin

Number of

Per seat

Seats

deluxe

$ 110

2,200

lower level

50

6,200

upper level

20

8,400

Total Market Size

Budget

40,000

Actual

50,000

Required:

  1. Calculate the Sales Volume Variance for each product.
  2. Calculate the Sales Quantity Variance for each product.
  3. Calculate the Market Share Variance in terms of contribution margin.
  4. Calculate the Market Size Variance in terms of contribution margin.

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