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: (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 seats. The manager of the Eagles was depressed that actual attendance was 20% below budgeted attendance per game, especially given the booming state of the local economy in the past six months Required Average attendance figures x Budgeted contribution margin information Actual Seats Sold Lower-Tier Tickets Upper-Tier Tickets 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.) 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. Lower-tier Budgeted Seats Sold 5,000 7,500 $ 37 $ 10 3,700 6,300 Selling price Downtown Arena fee Upper-tier 12,500 10,000 3 Reservation Network fee Print Total Done $ 25 4 Contribution margin per ticket