1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to comp needed annually to break even. shows ute the number of Use the shortcut unit contribution margin approach to compute the nu needed annually to earn a profit of $6,533,100. Is this goal realistic? Give 3. number of shows 4. Prep your reason are Wick ed's contribution margin income statement for 125 shows each year. Re- port only two categories of expenses: variable and fixed. P7-63A Comprehensive CVP problem (Learning Objectives 1, 2, &5 Spirit Calendars imprints calendars with college n of $1,095,000 each month plus variable expenses of $4.00 per carton o variable ames. The company has fixed expenses calendars. Of the expenses, 73% is cost of goods sold, while the remaining 27% relates to variable operating expenses. The company sells each carton of cal Requirements endars for $12.00. 1. Compute the number of cartons of calendars that Spirit Calendars must sell each month to break even. 2. Compute the dollar amount of monthly sales that the company needs in order to earn $312,000 in operating income (round the contribution places). Prepare the company's contribution margin income statement for June for sales of margin ratio to two decimal 450,000 cartons of calendars. 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? By what percentage will operating income change if July's sales volume is 10% higher? Prove your answer. 5