Question

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: Percentage Occupied Ticket Budgeted Actual Price Seats Seats $ 70 95% 60 80 85 90% Center Side 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: 3-a. The total sales mix variance. 3-b. The total sales quantity variance. 4. The total sales volume variance.

Answer 1

Calculation of Budgeted Quantity & Actual Փաս 5 Particulare To tu cabe y 9300 Seets Busset Quantity % Bolseets) Actual ouantity % A D Seeds) Center a 2500 seats 90% 2250 95% 2375 2 Side 3000 seath 80% 2.400 185% 2550 3 Balcony - 3800 seats (85% 3,230 75% 2850 lotal capacity 9300 seats 17,880 7,775 BO BSP Statement of Sales variance TBSale RACO ACO ASP Actual 2250 Centre $70 $157,500 2220 2375 $70 $166250 Lure 2400 $60 $144,000 2368 2550 $60 $153000 - Balcony 3230 $50 $1,61,500 3187 2850 850 3142500 8461730 7,880 $463000 7775 777S

3(9) Tatal sales mix variance [RAO- Ao ] X BSP Centre [ 2220 - 2375] $70 a $10850 CF side [2368 - 2550 ] X $60 a $10920 CA Balcony [3187 - 2850 IX $50 a $16850 (A) Total sales mix variance $ 4920 (F) 3(6) Total sales Quantity Variance [BO-RACO XBSP Centre (2250 - 2220 x $70 = $200 (A) 2400 - 2368 7 x size $60 – 8 (9206) 3230 - 3187 ] X $50 = 82150 (A) Balcony ( 3230 - Totul cales Quantity valience $6,170 (A) Total sales valume Variance S BO-AOIX BSP 250 -9375 ] W $70 a $8750 ( 2000 -2550 X 860 - 89000CF) 2230 - 2850 J $50 - $ 19000 A site $50 Balcony (S02 $1,250 CAD Total sales volume vanane