The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,900 seats: 2,500 center seats,...

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.

Expert Solution

Yellow ones are your answers

ekkarill92 answered 2 months ago

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