The Greensboro Performing Arts Center (GPAC) has a total capacity of 9,000 seats: 2,600 center...
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The Greensboro Performing Arts Center GPAC has a total capacity of seats: center seats, side seats, and balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows: Ticket Price Percentage Occupied Budgeted Seats Actual Seats Center $ Side Balcony 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: The budgeted and actual sales mix percentages for different types of seats. The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin. a The total sales mix variance. b The total sales quantity variance. The total sales volume variance.
The Greensboro Performing Arts Center GPAC has a total capacity of seats: center seats, side seats, and balcony seats. The budgeted and actual tickets sold for a Broadway musical show are as follows:
Ticket Price Percentage Occupied
Budgeted Seats Actual Seats
Center $
Side
Balcony
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:
The budgeted and actual sales mix percentages for different types of seats.
The budgeted average contribution margin per seat. Assume the ticket price is also the contribution margin.
a The total sales mix variance.
b The total sales quantity variance.
The total sales volume variance.
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