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The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,400 seats: 2,400 center seats, 2,900 side seats, and 3,100 balcony seats. The budgeted
The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,400 seats: 2,400 center seats, 2,900 side seats, and 3,100 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows:
Ticket Price | Percentage Occupied | ||
---|---|---|---|
Budgeted Seats | Actual Seats | ||
Center | $ 110 | 90% | 95% |
Side | 100 | 80 | 85 |
Balcony | 90 | 85 | 75 |
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:
3-a. The total sales mix variance. round to whole number
3-b. The total sales quantity variance. round to whole number
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