The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,400 seats: 2,400 center seats,...

The Greensboro Performing Arts Center (GPAC) has a total capacity of 8,400 seats: 2,400 center seats, 2,900 side seats, and 3,100 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	$	110		90	%		95	%
Side		100		80			85
Balcony		90		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.

Expert Solution

ekkarill92 answered 1 year ago

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