Midwestern University, never a football powerhouse, has only won a total of 12 football games in the
Question:
At the beginning of the year, Midwestern Universitys associate athletic director prepared the following master budget for football.
During the summer, the athletic director wondered if there might be a way to put more bodies in the stadium. To boost attendance, the athletic director decided to reduce the average ticket price by $6 per seat. Indeed, as shown in the actual results in the accompanying table, the athletic directors decision increased average home attendance by 15,000 per game.
Everyone in the Athletic Department was excited by these numbers.
Required:
a. What was Midwestern Universitys total profit variance for football?
b. Calculate Midwestern Universitys football sales volume variance and football sales price variance.
c. Comment on Midwestern Universitys football performance for the most recentyear.
Step by Step Answer:
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin