Sales Volume, Sales Quantity, and Sales Mix Variances The Greensboro Performing ArtsCenter (GPAC) has a total capacity of 7,500 seats: 2,000 center seats, 2,500 side seats, and 3,000balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows:Percentage OccupiedTicket Price Budgeted Seats Actual SeatsCenter $70 90% 95%Side 60 80 85Balcony 50 85 75The actual ticket prices were the same as those budgeted. Once a show has been booked, the totalcost does not vary with the total attendance.Required Compute the following for the show (calculate sales mix percentage and unit contribution margin to 4 decimal places and round the variances to the nearest whole dollar):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. The total sales quantity variance and the total sales mix variance.4. The total sales volume variance.
Sales Volume, Sales Quantity, and Sales Mix Variances The Greensboro Performing Arts
Center (GPAC) has a total capacity of 7,500 seats: 2,000 center seats, 2,500 side seats, and 3,000
balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows:
Percentage Occupied
Ticket Price Budgeted Seats Actual Seats
Center $70 90% 95%
Side 60 80 85
Balcony 50 85 75
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 (calculate sales mix percentage and unit contribution margin to 4 decimal places and round the variances to the nearest whole dollar):
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. The total sales quantity variance and the total sales mix variance.
4. The total sales volume variance.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 6 images
