The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,300 seats: 2,500 center seats, 3,000 side seats, and 3,800 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Ticket Price Percentage Occupied Budgeted Actual Seats Seats Center Side $ 70 90% 95% 60 50 80 85 ed Balcony 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: 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Center Side Balcony Total S 10,850 Favorable 10,920 (16,850) Favorable $ 4,920 Unfavorable Favorable Search A ENG US

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,300 seats: 2,500 center seats, 3,000 side seats, and 3,800
balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows:
Percentage Occupied
Budgeted
ed
0
Ticket
Price
Actual
Seats
Seats
Center
Side
$ 70
90%
80
85
95%
85 75
Balcony
60
50
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:
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.
Complete this question by entering your answers in the tabs below.
Req 1
Req 2
Req 3A
Req 3B
Req 4
The total sales mix variance. (Round your answers to the nearest whole dollar amount.)
Sales Mix Variance
Center
Side
Balcony
Total
$
10,850
Favorable
10,920
(16,850)
Favorable
$ 4,920
Unfavorable
Favorable
Search
myhp
אט
ENG
US
Transcribed Image Text:The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,300 seats: 2,500 center seats, 3,000 side seats, and 3,800 balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Percentage Occupied Budgeted ed 0 Ticket Price Actual Seats Seats Center Side $ 70 90% 80 85 95% 85 75 Balcony 60 50 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: 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 The total sales mix variance. (Round your answers to the nearest whole dollar amount.) Sales Mix Variance Center Side Balcony Total $ 10,850 Favorable 10,920 (16,850) Favorable $ 4,920 Unfavorable Favorable Search myhp אט ENG US
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