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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: BUDGET: Contribution Margin Per seat $ 100 50 deluxe lower level upper level Number of Seats 2,000 6,000 8,000 20 ACTUAL: Contribution Margin Per seat 110 deluxe lower level upper level Number of Seats 2,200 6,200 8,400 50 20 Total Market Size Budget Actual 40,000 50,000 Required: a. Calculate the sales volume Variance for each product. b. Calculate the sales Quantity Variance for each product. c. Calculate the Market Share Variance in terms of contribution margin. d. Calculate the Market Size Variance in terms of contribution margin
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