21 (15 Marks) The Kensington Theatre Company (KTC) stages 13 plays each season. Estimates of revenues and costs for all productions are as follows. Revenue per ticket Price Variable costs per ticket Royalties $ 90.00 $ 17.00 Theatre rental $ 14.50 Fixed costs of the plays Creative $ 434,100 Pre-Production $ 127,500 Required: Please calculate the following. All calculations to 2 dpi. Please note that you do not need to type the $ and % symbol. 21(a) Calculate the unit contribution margin (2 marks) Answer = $ 58.50 21(b) Calculate the contribution margin ratio (2 marks) Answer = 65 % 21(c) Calculate the number of tickets that must be sold to break even. Round to whole numbers. (2 marks) Answer 9600 Tickets 21(d) Calculate the total dollar ($) value for KTC to break even (2 marks) Answer = $ 864000 21(e) In previous years KTC has sold 12100 tickets over the theatre season. If in 2023 KTC sells 12100 tickets, how much profit will be made?? Round to whole dollars ($) (3 marks) Answer = $ 225000 21(f) If KTC do sell 12100 tickets, what is the margin of safety in tickets? (2 marks) Answer = 562 Tickets 21(g) If KTC want $210000 in after tax profit, how much total revenue in $ will need to be earned? Round to whole dollars ($) (2 marks) Answer = %