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
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
Chapter1: Financial Statements And Business Decisions
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