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The Chicago Eagles play in the American Ice Hockey League here was no difference between the budgeted and actual contibution margin for lower-tier or upper-tie seats. The manager of the Eagles was delighted that actual attendance was 20% above budgeted attendance per game, especially given the d (Click the icon to view the additional information.) sed state of the local economy in the past six months The budgeted and actual average attendance figures per game in the 2017 season are as follows: (Click the icon to view the budgeted and actual average attendance figures.) Read the requirements Data Table 28,000 F The total sales-volume variance is S Requirement 2. Compute the sales-quantity and sales-mix variances for each type of ticket and in total in 2017 Let's first determine the formula for the sales-quantity variance, then calculate the variance for each type of ticket and in total in 2017 Budgeted Seats Sold Actual Seats Sold Lower tier Upper tier Total 3,000 7,000 10,000 4,200 7,800 12,000 as a whole number. Enter all variances as positive numbers. Abrreviation used: CM contribution margin.) Budgeted #Of all tickets sold 10,000 10,000 Actual Budgeted Sales-quantity variance $13,200 F ( #of all tickets sold )x sales-mix %x CM per ticket . 12.000 30 Lower-tier( Upper-tier ( The total sales-quantity variance is $ Now determine the formula for the sales-mix variance, then calculate the variance for each type of ticket and in Print Done 12,000 70 More Info 16,000 F whole number. Enter all variances as positive numbers. Abrreviation used: CM contribution margin.) Actual # of all tickets sold 12,000 12,000 The Eagles play in the Downtown Arena, which is owned and managed by the City of Chicago. The arena has a capacity of 15,000 seats (4,000 lower-tier seats and 11,000 upper-tier seats). The arena charges the Eagles a per-ticket charge for use of its facility. All tickets are sold by the Reservation Network, which charges the Eagles a reservation fee per ticket. The Eagles' budgeted contribution margin for each type of ticket in 2017 is computed as follows: Actual Budgeted Budgeted CM per ticket x ( sales-mix % sales-mix %)x 30 Lower-tier Upper-tier The total sales-mix variance is S Requirement 3. Comment on the variance results from requirements 1 and 2 The Chicago Eagles increased average attendance by 20% per game. The net result the actual contri 65 70 Lower-Tier Tickets Upper-Tier Tickets $ Selling price Downtown Arena fee Reservation Network fee Contribution margin per ticket 37 S 13 2,000 F 12 16,000 above the budgeted contribution margin. PrintDone Choose from any list or enter any number in the input fields and then click Check

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