The Antwerp Lions play in the Flemish Football League. The Lions play in the Antwerp Stadium (owned and managed by the City of Antwerp), which has a capacity of 30,000 seats (10,000 lower- tier seats and 20,000 upper-tier seats). The Antwerp Stadium charges the Lions a per-ticket charge for use of their facility. All tickets are sold by the Reservation Network, which charges the Lions a reservation fee per ticket. The Lions budgeted net revenue for each type of ticket in 2018 is calculated as follows: 

There was no difference between the budgeted and actual net revenue for lower-tier or upper-tier seats. 

The manager of the Lions was delighted that actual attendance was 10% above budgeted attendance per game, especially given the depressed state of the local economy in the past six months. 

Required

1. Calculate the sales-volume variance for individual ‘product’ net revenues and total net revenues for the Antwerp Lions in 2018. 

2. Calculate the sales-quantity and sales-mix variances for individual ‘product’ net revenues and total net revenues in 2018. 

3. Present a summary of the variances in requirements 1 and 2. Comment on the results.

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Lower-tier tickets Upper-tier tickets Selling price Antwerp Stadium fee Reservation Network fee Net revenue per ticket €35 €14 10 3. 20 5 The budgeted and actual average attendance figures per game in the 2018 season are: Budgeted seats sold Actual seats sold Lower tier 8 000 6 600 Upper tier Total 12 000 15 400 20 000 22 000