In: Accounting
The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,900 seats: 2,500 center seats, 3,000 side seats, and 3,400 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 | $ | 85 | 90 | % | 95 | % | |||
Side | 75 | 80 | 85 | ||||||
Balcony | 65 | 85 | 75 | ||||||
The actual ticket prices are 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. (Round your answers to 4 decimal places. (i.e. .123456 = 12.3456%)) |
2. |
The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. (Round your answer to 4 decimal places.) |
3-a. |
The total sales mix variance. (Round your answers to the nearest whole dollar amount.) |
3-b. |
The total sales quantity variance. (Round your answers to the nearest whole dollar amount.) |
4. |
The total sales volume variance. |