The Tiny Theatre Actual Costs For the Year Ended December 31 The Tiny Theatre Costs from the Planning Budget For the Year Ended December 31 The Tiny 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. Actual number or Auductions 7 Budgeted number of productions The Big Theatre had tentatively planned to put on six different productions with a total of 108 performances. 6 168 nerformances Budgeted number of performances 108 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. Actors and directors wages $419,400 Stagehands wages $95,900 Actors and directors wages $246,240 Ticket booth personnel and $74,900 Stagehands wages $62,640 ushers wages Scenery, costumes, and $132,000 Ticket booth personnel and ushers wages nrons Theater hall rent $121,400 Scenery, costumes, and props $109,680 $46,440 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. Printed programs $81,700 Theater hall rent $84,240 Publicity $17,900 Administrative expenses $89,500 Total Printed programs Publicity $1,032,700 Admir Administrative expenses $57,240 $13,680 On the other hand, the wages of the actors, directors, stagehands, ticket booth personnel, and ushers vary with the number of performances. Total 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. $73,440 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. $693,600 Required: After the beginning of the year, the board of directors of the theater authorized expanding the theater's program to seven productions and a total of 168 performances. Prepare a flexible budget performance report for the year that shows both spending variances and activity variances. As always, use a reference or formula in the blue cells. In the yellow cells indicate U, F or leave blank for no difference. Actual number of productions Actual Results 7 Actual number of 168 performances Actors and directors wages $419,400.00 Stagehands wages $95,900.00 Ticket booth personnel and $74,900.00 ushers wages Scenery, costumes, and $132,000.00 props Theater hall rent $121,400.00 Printed programs Publicity Administrative expenses Total $81,700.00 $17,900.00 $89,500.00 $1,032,700.00 The Tiny Theatre Flexible Budget Performance Report For the Year Ended December 31 Revenue and spending variances Flexible Budget Activity Variances Planning Budget 6 108 $246,240.00 $62,640.00 $46,440.00 $109,680.00 $84,240.00 $57,240.00 $13,680.00 $73,440.00 $693,600.00