Please solve for Requirement 3 based on the information provided. Please choose correct answer? Blank # 1- Choose either decreased or increased. Blank # 2 - Give the dollar amount. Blank # 3 Choose either below or above.

Requirement 2. Compute the sales-quantity and sales-mix variances for each type of ticket and in total in 2017 Let's first determine the formula for the sales-quantity variance, then calculate the variance for each type of ticket and in total in 2017. Label each variance as favorable (F) or unfavorable (U). (Enter percentages as a whole number Enter all variances as positive numbers. Abreviation used. CM = contribution margin.) Budgeted #Of all tickets sold 10,000 10,000 Budgeted Budgeted CM per ticket Sales-quantity variance $13,200 F ( #of all tickets sold- )x sales-mix %x - 12,000 30 Lower-tier ( Upper-tier ( The total sales-quantity variance is $ Now determine the formula for the sales-mix variance, then calculate the variance for each type of ticket and in total in 2017. Label each variance as favorable (F) or unfavorable (U). (Enter percentages as a whole 12,000 70 = $ 2,800 F 16,000 F number. Enter all variances as positive numbers. Abreviation used: CM = contribution margin.) Actual #Of all tickets sold 12,000 12,000 Actual Budgeted Sales-mix CMper ticket - variance 13,200 F $ 1,200 U sales-mix %-sales-mx %)x 96 ) x x ( 35 x 65 12,000 F Lower-tier 30 Upper-tier 70 The total sales-mix variance is $ Requirement 3. Comment on the variance results from requirements 1 and 2. The Chicago Eagles average attendance by 20% per game. The net result the actual contribution margin the budgeted contribution margin. was S