Tickenuru, Inc., is a primary ticket outlet and distribution company in North America. TicketCuru carns a majority of its revenue from primary ticketing and resale ticket services on behalf of its clients. TicketGuru's major costs are royalties paid to clients, telecommunication costs associated with its call centre, and commissions paid to music chains and department stores. Its business has improved steadily over the past 10 years. As usual, Rodreik Kay, the managing purtner of TicketGuru, Inc., received a report summarizing the performance for the most recent year Question 1 (25 marks) TicketGuru, Inc. Performance Report For the year ended December 31, 2017 Budget Actual Variance 135 180 45 Number of tickets sold Variable Expenses Royalties $84,105 S108,980 ($24,875) $140,002 ($19,040) ($15,870) ($59,785) $120,962 $5000 45870 170 Commissions Total $235,067$294,852 Fixed Expenses Server maintenance S500,040 510,000 (S9,960) Total $500,040 $510,000 Total Expenses $735,107 $804,852 ($69,745)