1. Please Review attachment and fill in summary. Then2. Use the information in the table you completed to compute the number of performances required to break even for each concert. Do not include general and administrative expenses. These are separate computations for each dance concert.3. Compute break even for the organization as a whole (include all fixed expenses) and express the result in revenues instead of the number of performances.Ms. Smith wants the Dance Center to generate at least $200,000 in operating profit. 1. What level of revenues does the performance group need to achieve to meet this goal? Include an income statement in good format to support the computations.Give a recommendation about changes Ms. Smith can implement to achieve the target profit. Support your idea with computations.2. memo to the owner of the dance center to assist her in interpreting the financial analysis. Start with an introduction and end with a recommendation. THEN1. What are some shortcomings of multi-product even analysis?2. How does demand and resource constraints affect this type of analysis.

Ms. Smith has prepared a tentative schedule for the coming season. The table below also shows the type and number of performances and direct cost per type of concert. Lower Orchestra Section Upper Orchestra Section (A) (B) Cost per Dance Number Concert No. Ticke Tickets sold No. Ticke Tickets sold 01 Descriptions of t per of t per Performance (Direct Seats. Price performance seats Price performance Fixed Costs) Hip-Hop 9 $45,000 200 $90 100% 300 $60 90% Performance Jazz and Tap 4 $88,000 200 $90 100% 300 $60 60% Dance Christmas 18 $25,000 200 $140 100% 300 $60 100% Spectacular *Examples of direct fixed costs are costumes, rehearsals, royalties, guest artist fees, choreography, and salaries of production staff, music, and wardrobe for each of the concerts. This amount does not change with the number of performances. Additional costs incurred for each performance (variable costs) $7,50 Musicians 0 Rental of auditorium $2,50 0 Dancers' $7,00 compensation 0 Other costs incurred by Annie Smith's Dance Center (common fixed costs) Administrative staff $185,00 0 Insurance $25,000 $115,00 Marketing 0 General office $90,000 expenses . Summarize key financial information in a table as shown below. Title Segme Name Total Dire nt Revenues Variable Contribu Number Contributi ct Margi tion Danc Costs/ 01 on Fixe n Margin/ Performa Performa Performa Performa Type of d Type Conc nce nce nces Dance Cost of nce ert Concert Conce rt 1. 2 . 3. Total