The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,500 seats: 1,900 center seats, 2,400 side seats, and 3,200 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Center. $ Side Ticket Price Budgeted Seats Actual Seats Balcony 80 70 60 80 % 70 75 85 % 75 65 he 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.
The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,500 seats: 1,900 center seats, 2,400 side seats, and 3,200 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Center. $ Side Ticket Price Budgeted Seats Actual Seats Balcony 80 70 60 80 % 70 75 85 % 75 65 he 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.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,500 seats: 1,900 center seats, 2,400 side seats,
and 3,200 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 $
Side
Balcony
80
70
60
80 %
70
75
85 %
75
65
he 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.
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