please help with performace report. e Little Theatre is a nonprofit organization
ID: 2568951 • Letter: P
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please help with performace report.
e Little Theatre is a nonprofit organization devoted to staging plays for children. The theatre 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 costs from the current year's planning budget appear below. 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 Little Theatre Costs from the Planning Budget For the Year Ended December 31 Budgeted number of productions Budgeted number of performances Actors' and directors' wages Stagehands' wages Ticket booth personnel and ushers' wages Scenery, costumes, and props Theatre hall rent Printed programs Publicity Administrative expenses 6 108 $ 216,000 32,400 16,200 108,000 54,000 27,000 12,000 43,200 Total $508,800 Some of the costs vary with the number of productions, some with the number of performances, and some are fixed and depend on neither 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 and printing the programs will vary with the number of performances. Administrative expenses are more difficult to pin down, 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 theatre authorized expanding the theatre'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 belowExplanation / Answer
Actual results Spending variances Flexible budget Activity variances Planning budget Actors' and directors' wages 341800 5800 U 336000 120000 U 216000 Stagehands' wages 49700 700 F 50400 18000 U 32400 Ticket booth personnel and ushers' wages 25900 700 U 25200 9000 U 16200 Scenery,costumes and props 130600 4600 U 126000 18000 U 108000 Theatre hall rent 78000 6000 F 84000 30000 U 54000 Printed programs 38300 3700 F 42000 15000 U 27000 Publicity 15100 1100 U 14000 2000 U 12000 Administrative expenses 47500 820 U 46680 3480 U 43200 Total expense 726900 2620 U 724280 215480 U 508800
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