Question: The Greensboro Performing Arts Center ( GPAC ) has a total capacity of 8 , 8 0 0 seats: 2 , 4 0 0 center
The Greensboro Performing Arts Center GPAC has a total capacity of seats: center seats, side seats, and balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows:
Ticket Price Percentage Occupied
Budgeted Seats Actual Seats
Center $
Side
Balcony
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:
The budgeted and actual sales mix percentages for different types of seats.
The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin.
a The total sales mix variance.
b The total sales quantity variance.
The total sales volume variance.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
