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The Chicago Rattlers play in the American Ice Hockey League. There was no difference between the budgeted and actual contribution margin for lower-tier or (Click
The Chicago Rattlers play in the American Ice Hockey League. There was no difference between the budgeted and actual contribution margin for lower-tier or (Click the icon to view the additional information.) The budgeted and actual average attendance figures per game in the 2017 season are follows: upper-tier seats. The manager of the Rattlers was delighted that actual attendance was 20% above budgeted attendance per game, especially given the depressed state of the local economy (Click the icon to view the budgeted and actual average attendance figures.) in the past six months. Read the requirements. Requirement 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Rattlers in 2017. (Calculate all variances in terms of contribution margins.) Label each variance as favorable (F) or unfavorable (U). (Enter all variances as positive numbers. Abbreviation used: qty = quantity.) ( Sales-volume More info The Rattlers play in the Downtown Arena, which is owned and managed by the City of Chicago. The arena has a capacity of 15,000 seats (5,000 lower-tier seats and 10,000 upper-tier seats). The arena charges the Rattlers a per-ticket charge for use of its facility. All tickets are sold by the Reservation Network, which charges the Rattlers a reservation fee per ticket. The Rattlers' budgeted contribution margin for each type of ticket in 2017 is computed as follows: Data table Requirements 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Rattlers in 2017. (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 2017. 3. Comment on the variance results from requirements 1 and 2
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