The Eagles play in the North American Ice Hockey League. The Eagles 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 Eagles a per-ticket charge for use of the facility. All tickets are sold by the Reservation Network, which charges the Eagles a reservation fee per ticket. The Eagles' budgeted contribution margin for each type of ticket in 2 (Click the icon to view the budgeted contribution margin info Required X The budgeted and actual average attendance figures per game i (Click the icon to view the budgeted and actual average atte There was no difference between the budgeted and actual contri 1. Compute the sales volume variance for each type of ticket and in total for the Eagles in 2018. as 12% below budgeted attendance per game, especially given the booming state of the local econor (Calculate all variances in terms of contribution margins.) Required 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. Requirement 1. Compute the sales-volume variance for each tyl Determine the formula for sales-volume variance. Then compute Print Done ble (F) or unfavourable (U). - i Average attendance figures X Budgeted contribution margin information Budgeted Seats Sold Actual Seats Sold Lower-Tier Tickets Upper-Tier Tickets Lower-tier Selling price $ 32 $ 11 5,000 7,500 3,300 7,700 Choose from any drop-down list and then 12 5 Downtown Arena fee Upper-tier 12,500 11,000 3 Reservation Network fee 2. 11,000 Total 12 parts remaining $ 17 $ 4 Contribution margin per ticket The Eagles play in the North American Ice Hockey League. The Eagles 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 Eagles a per-ticket charge for use of the facility. All tickets are sold by the Reservation Network, which charges the Eagles a reservation fee per ticket. The Eagles' budgeted contribution margin for each type of ticket in 2018 is computed as follows: B (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: 33 (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 seats. The manager of the Eagles was depressed that actual attendance was 12% 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 Eagles in 2018. (Calculate all variances in terms of contribution margins.) Determine the formula for sales volume variance. Then compute the sales-volume variance for each type of ticket and in total for the Eagles in 2018. Label each variance as favourable (F) or unfavourable (U). Sales-volume variance ) x =
