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The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse without pay and are paid only for actual performances. The Little Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was Peter Rabbit, which had a six-week run with three performances on each weekend. The costs from the current year's planning budget appear below. The Little Theatre Costs from the Planning Budget For the Year Ended December 31 Tudgeted number of productions Budgeted number of performances 108 Actors and director wages Stagehands wages Ticket booth personnel and users wages Scenery, costumes, and props Theater holl rent Drinted program Publicity Administrative expenses Total $ 237,600 54,000 37.800 109,200 75,600 48,600 13,200 64,000 $ 640,800 Some of the costs vary with the number of productions, some with the number of performances, and some are fixed and depend on nelther the number of productions nor the number of performances. The costs of scenery, costumes, props, and publicity vary with the number of productions. It doesn't make any difference how many times Peter Rabbit is performed, the cost of the scenery is the same. Likewise, the cost of publicizing a play with posters and radio commercials is the same whether there are 10, 20, or 30 performances of the play. On the other hand, the wages of the actors, directors, stagehands, ticket booth personnel, and ushers vary with the number of performances. The greater the number of performances, the higher the wage costs will be. Similarly, the costs of renting the hall ang printing the programs will vary with the number of performances. Administrative expenses are more difficult to analyze, but the best estimate is that approximately 75% of the budgeted costs are fixed, 15% depend on the number of productions staged, and the remaining 10% depend on the number of performances. After the beginning of the year, the board of directors of the theater authorized expanding the theater's program to seven productions and a total of 168 performances. Not surprisingly, actual costs were considerably higher than the costs from the planning budget. (Grants from donors and ticket sales were also correspondingly higher, but are not shown here.) Data concerning the actual costs appear below: After the beginning of the year, the board of directors of the theater authorized expanding the theater's program to seven produd and a total of 168 performances. Not surprisingly, actual costs were considerably higher than the costs from the planning budget. (Grants from donors and ticket sales were also correspondingly higher, but are not shown here.) Data concerning the actual costs appear below: The Little Theatre Actual Conto Tor the Year Ended December 31 Actual number of productions 7 Actual number of performances 168 Nctors and directors wages 6.396,900 Stagehande wagen 82.700 mleket booth personnel and there wages 60,900 Scenery, costumes, and prope 131,600 Theater ball rent 109,000 Printed program 69,500 Publicity 17,100 Administrative expenses 22.500 Total $945,000 1. Prepare a flexible budget performance report for the year that shows both spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) The Little Theatre Flexible Budget Performance Report For the Year Ended December 31 Actual Flexible Results Budget 7 168 Planning Budget Number of productions Number of performances 105 Actors and directorwagen Stagnhande wages Ticket booth personnel and ushers' wagon Scenery, costumes, and props Theatre hall rent 396,900 82.700 8.900 131 800 109 000 89 300 17 100 $ 237,800 64,000 37.800 109,200 75,800 Printed programs Publicity Administrative expenses 48,800 13,200 84,800 $ 640.800 77 600 945.000 Total S

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