The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,700 seats: 2,000 center seats, 2,500 side seats, and 3,200 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 $75 Side 65 55 80% 70 75 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: 3-a. The total sales mix variance. 85% 3-b. The total sales quantity variance. 4. The total sales volume variance. 75 65

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,700 seats: 2,000 center seats, 2,500 side seats,
and 3,200 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
$75
Side
65
Balcony 55
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.
80%
70
Required:
Compute the following for the show:
3-a. The total sales mix variance.
3-b. The total sales quantity variance.
4. The total sales volume variance.
85%
75
65
Transcribed Image Text:The Greensboro Performing Arts Center (GPAC) has a total capacity of 7,700 seats: 2,000 center seats, 2,500 side seats, and 3,200 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 $75 Side 65 Balcony 55 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. 80% 70 Required: Compute the following for the show: 3-a. The total sales mix variance. 3-b. The total sales quantity variance. 4. The total sales volume variance. 85% 75 65
Complete this question by entering your answers in the tabs below.
Center
Side
Balcony
Total
The total sales mix variance. (Round your answers to the nearest whole dollar amount.)
Sales Mix Variance
Favorable
Favorable
Unfavorable
Center
Side
Balcony
Total
Req 3A
$
Center
Side
Balcony
Total
4,066 Favorable
TOO
The total sales volume variance.
Req 3A
The total sales quantity variance. (Round your answers to the nearest whole dollar amount.)
Sales Quantity Variance
Unfavorable
Unfavorable
Unfavorable
Unfavorable
Req 3B
Req 3A
Reg 3B
Unfavorable
Unfavorable
Sales Volume Variance
Favorable
Favorable
Req 4
Req 3B
Req 4
Req 4
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Center Side Balcony Total The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Favorable Favorable Unfavorable Center Side Balcony Total Req 3A $ Center Side Balcony Total 4,066 Favorable TOO The total sales volume variance. Req 3A The total sales quantity variance. (Round your answers to the nearest whole dollar amount.) Sales Quantity Variance Unfavorable Unfavorable Unfavorable Unfavorable Req 3B Req 3A Reg 3B Unfavorable Unfavorable Sales Volume Variance Favorable Favorable Req 4 Req 3B Req 4 Req 4
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