UUUU. U Turuyul UI LIVE115 was very gam nge a More Info each mpy Ente The Ravens play in the Downtown Arena, which is owned and managed by the City of Chicago. The arena has a capacity of 15,000 seats (4,500 lower-tier seats and 10,500 upper-tier seats). The arena charges the Ravens a per-ticket charge for use of its facility. All tickets are sold by the Reservation Network, which charges the Ravens a reservation fee per ticket. The Ravens' budgeted contribution margin for each type of ticket in 2017 is computed as follows: Lower-Tier Upper-Tier Tickets Tickets Selling price 35 $ Downtown Arena fee Reservation Network fee 20 $ Contribution margin per ticket Print Done Ano Data Table Lower tier Budgeted Seats Sold Actual Seats Sold 3,500 3,300 6,500 7,700 10,000 11,000 Upper tier Total Print Print Done Done A Requirements 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Ravens in 2017. (Calculate all variances in terms of contribution margins.) 2. Compute the sales-quantity and sales-mix variances for each type of ticket and in total in 2017 3. Comment on the variance results from requirements 1 and 2. Print Done The Chicago Ravens play in the American le Hockey League Click the icon to view the additional information) The budgeted and actual average atendance figures per game in the 2017 season are as follow Click the loon to view the budgeted and actual average attendance figures) There was no difference between the budget and actual co n marge for lower bro e r was the manager of the Ravens was deed that actual dance was above bude attendance per game, especially given the depressed of the local economy in the past six months Read the requirements Requirement 1. Compute the sales volume variance for each type of ticket and in for the Chicago Ravens in 2017. (Co l larices inms of contribution margina) Determine the formula for sales volume variance, then compute the sales volume variance for each type oficket and in total for the Chicago Havens in 2017. Calculate all variances in terms of contrion margins) Labelcach wariance as favorable F) or unfavorable (U) E rallarines as positive numbe Abbreviation day a y ) Sales volume variance ement 1. Compute the sales-volume variance for each type of ticket and in total for the Chicago Ravens in 2017. (Calculate all v fine the formula for sales-volume variance, then compute the sales volume variance for each type of ticket and in total for the Chi ach variance as favorable (F) or unfavorable (U). (Enter all variances as positive numbers. Abbreviation used: qty = quantity.) Sales-volume variance Actual sales qty in units Budgeted CM per ticket Budgeted sales qty in units Selling price per ticket Total capacity G I UL I ONS 2017. Varances in terms of contro Determine the formula for sales volume variance, then compute the sales volume variance for each type of ticket and in total for the Chicago Ravens in 2017. (Calculat Label each variance as favorable (F) or unfavorable (U).(Enter all variances as positive numbers. Abbreviation used: aty quantity.) Sales-volume variance = Actual sales aty in units Budgeted CM per ticket Budgeted sales aty in units Selling price per ticket Total capacity
