WQ6 (6 points) Italy played Spain in the European Championsh…
WQ6 (6 points) Italy played Spain in the European Championships. Ticket sales have the following information: Low-Tier Tickets Floor-Tickets Total (when applicable) Budgeted CM per ticket $25 $125 Actual CM per ticket $20 $130 Budgeted seats sold 45,000 15,000 60,000 Actual seats sold 55,000 7,500 62,500 Amount F or U Total sales-volume variance Total sales-quantity variance Total sales-mix variance Formulas: Sales Volume Var = (Actual units sold – Budgeted units sold) * Budgeted CM per unit Sales Quantity Var = (Actual units of all products sold – Budgeted units of all products sold) * Budgeted sales mix % * Budgeted CM per unit Sales Mix Var = Actual units of all products sold * (Actual sales mix % – Budgeted sales mix %) * Budgeted CM per unit Flex Budget Var = (Actual CM per unit – Budgeted CM per unit) * Actual sales mix % * Actual units of all products sold