M1) 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 Seats Actual Seats Center $ 70 90% 95% Side 60 80 85 Balcony 50 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.
(M1)
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 Seats | Actual Seats | ||
| Center | $ 70 | 90% | 95% |
| Side | 60 | 80 | 85 |
| Balcony | 50 | 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.
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