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The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,600 seats: 2,400 center seats, 2,900 side seats, and 3,300 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 85 75 65 90 % 80 85 95 % 85 75

The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,600 seats: 2,400 center seats, 2,900 side seats, and 3,300 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 85 75 65 90 % 80 85 95 % 85 75

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,600 seats: 2,400 center seats, 2,900 side seats, and 3,300 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 85 75 65 90 % 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. 80 85 95 % 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.
Transcribed Image Text:The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,600 seats: 2,400 center seats, 2,900 side seats, and 3,300 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 85 75 65 90 % 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. 80 85 95 % 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.
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