The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,100 seats: 2,500 center seats,...
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The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,100 seats: 2,500 center seats, 3,000 side seats, and 3,600 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Center Side Balcony Ticket Price $ 75 Percentage Occupied Budgeted Actual Seats Seats 90% 95% 65 55 80 85 85 75 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. Budgeted Actual Sales Mix Sales Mix Center 29.1829 % 31.1475 % Side 31.1284 % 33.4426 % Balcony 39.6887 % 35.4098 % Budgeted average contribution margin per seat S 63.95 < Req 1 Req 3A > your Sales Mix Variance Center Side Balcony Total Center Side Balcony Total sales quantity variance. (Round your answers to the Sales Quantity Variance Center Side Balcony Total Sales Volume Variance The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,100 seats: 2,500 center seats, 3,000 side seats, and 3,600 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Center Side Balcony Ticket Price $ 75 Percentage Occupied Budgeted Actual Seats Seats 90% 95% 65 55 80 85 85 75 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. Budgeted Actual Sales Mix Sales Mix Center 29.1829 % 31.1475 % Side 31.1284 % 33.4426 % Balcony 39.6887 % 35.4098 % Budgeted average contribution margin per seat S 63.95 < Req 1 Req 3A > your Sales Mix Variance Center Side Balcony Total Center Side Balcony Total sales quantity variance. (Round your answers to the Sales Quantity Variance Center Side Balcony Total Sales Volume Variance
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Given Budgeted Sales Mix Center 311475 Side 334426 Balcony 354098 Actual Sales Mix Cen... View the full answer
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