Question
The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,100 seats: 2,200 center seats, 2,700 side seats, and 3,200 balcony seats. The
The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,100 seats: 2,200 center seats, 2,700 side seats, and 3,200 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Budgeted Center Side Balcony Ticket Price Actual Seats Seats $ 70 80% 85% 60 50 70 75 75 65 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 variance. 3-b. The total sales quantity variance. 4. The total sales volume variance. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The budgeted and actual sales mix percentages for different types of seats. (Round your answers to 4 decimal places. (i.e. .123456 = 12.3456%)) Budgeted Sales Mix Actual Sales Mix Center % % Side Balcony % % % % < Req 1 Req 2 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. (Round your answer to 2 decimal places.) Budgeted average contribution margin per seat < Req 1 Req 3A > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Center Side Balcony Total Sales Mix Variance < Req 2 Req 3B > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The total sales quantity variance. (Round your answers to the nearest whole dollar amount.) Center Side Balcony Total Sales Quantity Variance < Req 3A Req 4 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The total sales volume variance. Center Side Balcony Total Sales Volume Variance < Req 3B Req 4 >
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