The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse without pay and are paid only for actual performances The Uttle Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was Peter Rabbit, which had a she-week run with three performances on each weekend. The costs from the current year's planning budget appear below. The Little Thatre Costs from the Planning Budget for the Year Ended Doceber 31 Budgeted nuber of productions Budgeted number of performances Actors and directors was Standa Ticket booth personnel and ushers Scenery, costumes, and props Theater hall rent Printed progr Publicity $ 230,120 36,720 30,530 10,340 54,330 11,120 12,340 Ainistrative expenses Total 47,530 3515,200 Some of the costs vary with the number of productions, some with the number of performances, and some are fixed and depend on nether the number of productions nor the number of performances. The costs of scenery, costumes, props, and publicity vary with the number of productions. It doesn't make any difference how many times Peter Rabbit's performed, the cost of the scrcery is the same Likewise, the cost of publicting a play with posters and radio commercials is the same whether there are 10, 20 or 30 performances of the play. On the other hand, the wages of the actors, directors, stagehands, ticket booth personnel, and ushers vary with the number of performances. The greater the number of performances, the higher the wage costs will be Similarly, the costs of renting the hall and printing the programs will vary with the number of performances Administrative expenses are more difficult to analyze, but the best estimate la that approximately 75% of the budgeted costs are fixed, 15% depend on the number of productions staged, and the remaining 10% depend on the number of performances After the beginning of the year, the board of directors of the theater authorized expanding the theaters program to seven productions and a total of 168 performances. Not surprisingly, actual costs were considerably higher than the costs from the planning budget (Grants from danars and ticket sales were also correspondingly higher, but are not shown here) Data conceming the actual costs were as follows The Little That Actual nter of production Actual Costs Actual number of performance Actors and directors Staghands wages Ended December Ticket booth personnel and ushers was Scenery, costumes, and props Theatar hall rent Printed progra Publicity Administrative expe Total Required: $352,00 32,500 130,000 44,500 15,500 $3,500 $770,00 1. Prepare a flexible budget performance report for the year that shows bath spending variances and activity variances. Indicate the effect of each variance by selecting "T" for favorable. "U" for unfavorable, and "None" for no effect (e, zero variance). Input all amounts as positive values) Number of productions The Little Theatre Flexible Budget Performance Report For the Year Ended December 2 Actual Recu Number of performances Adon and director wages $252.000 Stagehandswagos 54.300 Tidal booh personnel and shortwag 32.900 Scenery costumes, and props 130800 Thears hall re 84,200 44,500 Printed programs Pulicly Administe 15,500 53.000 $ 770300 Flexible Planning Budget Budge $220320 X720 20.00 108.340 300 31.320 12340 47520 $535200 The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse without pay and are paid only for actual performances. The Little Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was Peter Rabbit, which had a six-week run with three performances on each weekend. The costs from the current year's planning budget appear below. The Little Theatre Costs from the Planning Budget budgeted number of productions Budgeted number of performances Actors and directors wages Stagehands wages Ticket booth personnel and ushers wages For the Year Ended December 31 108 $ 220,320 36,720 20,520 108,240 58,320 31,320 12,240 Administrative expenses 47,520 $535,200 Scenery, costumes, and props Theater hall rent Printed programs Publicity Total Some of the costs vary with the number of productions, some with the number of performances, and some are fixed and depend on neither the number of productions nor the number of performances. The costs of scenery, costumes, props, and publicity vary with the number of productions. It doesn't make any difference how many times Peter Rabbit is performed, the cost of the scenery is the same, Likewise, the cost of publicizing a play with posters and radio commercials is the same whether there are 10, 20, or 30 performances of the play. On the other hand, the wages of the actors, directors, stagehands, ticket booth personnel, and ushers vary with the number of performances. The greater the number of performances, the higher the wage costs will be. Similarly, the costs of renting the hall and printing the programs will vary with the number of performances. Administrative expenses are more difficult to analyze, but the best estimate is that approximately 75% of the budgeted costs are fixed, 15% depend on the number of productions staged, and the remaining 10% depend on the number of performances. After the beginning of the year, the board of directors of the theater authorized expanding the thester's program to seven productions and a total of 168 performances. Not surprisingly, actual costs were considerably higher than the costs from the planning budget (Grants from donors and ticket sales were also correspondingly higher, but are not shown here) Data concerning the actual costs were as follows: The Little Theatre Actual Costs For the Year Ended December 31 Actual number of productions Actual number of performances 168 Actors and directors wages $352,600 Stagehands wages 56,300 Ticket booth personnel and ushers sages 32,900 Scenery, costumes, and props 130,800 Theater hall rent 84,200 Printed programs 44,500 Publicity 15,500 Administrative expenses 53,500 Total $ 770,300