The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,600 seats: 2,000 center seats,...
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The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,600 seats: 2,000 center seats, 2,500 side seats, and 3,100 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Center Side Balcony Ticket Price $ 90 Budgeted Actual Seats Seats 90% 95% 80 85 85 75 80 70 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The budgeted and actual sales mix percentages for different types of seats. (Round your answers to 4 decimal places. (i.e. .123456 = 12.3456%)) Budgeted Sales Mix Actual Sales Mix Center % % Side Balcony % % % % Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. (Round your answer to 2 decimal places.) Budgeted average contribution margin per seat Req 1 Req 2 Req 3A Req 3B Req 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Center Side Balcony Total Favorable Favorable Unfavorable Favorable Req 1 Req 2 Req 3A Req 3B Req 4 The total sales quantity variance. (Round your answers to the nearest whole dollar amount.) Sales Quantity Variance Center Side Balcony Total Req 1 Req 2 Req 3A Req 3B Req 4 The total sales volume variance. Sales Volume Variance Center Side Balcony Total Favorable Favorable Unfavorable Unfavorable The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,600 seats: 2,000 center seats, 2,500 side seats, and 3,100 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Center Side Balcony Ticket Price $ 90 Budgeted Actual Seats Seats 90% 95% 80 85 85 75 80 70 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The budgeted and actual sales mix percentages for different types of seats. (Round your answers to 4 decimal places. (i.e. .123456 = 12.3456%)) Budgeted Sales Mix Actual Sales Mix Center % % Side Balcony % % % % Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. (Round your answer to 2 decimal places.) Budgeted average contribution margin per seat Req 1 Req 2 Req 3A Req 3B Req 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Center Side Balcony Total Favorable Favorable Unfavorable Favorable Req 1 Req 2 Req 3A Req 3B Req 4 The total sales quantity variance. (Round your answers to the nearest whole dollar amount.) Sales Quantity Variance Center Side Balcony Total Req 1 Req 2 Req 3A Req 3B Req 4 The total sales volume variance. Sales Volume Variance Center Side Balcony Total Favorable Favorable Unfavorable Unfavorable
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Cost Management A Strategic Emphasis
ISBN: 978-0078025532
6th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
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