Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Greensboro Performing Arts Center (GPA) has a total capacity of 7,500 seats: 2,000 center seats, 2,500 side seats, and 3,000 balcony seats. The budgeted
The Greensboro Performing Arts Center (GPA) has a total capacity of 7,500 seats: 2,000 center seats, 2,500 side seats, and 3,000 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Ticket Budgeted Actual Price Seats Seats $ 70 986 95% 85 Center Side Balcony The actual ticket prices were the same as those budgeted. Once a show has been booked, the total cost does not vary with the total attendance. Required: Compute the following for the show. 1. The budgeted and actual sales mix percentages for different types of seats 2. The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. 3-a. The total sales mix varlance 3b. The total sales quantity variance. 4. The total sales volume variance. Complete this question by entering your answers in the tabs below. Reg 1 Rey 2 Reg 3A Rey 3B Reg 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Center Side Balcony Total
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started