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4 of 30 (4 complete) sells 900 tickets at $65 per ticket. There are 140 shows per year. No additional shows can be held as

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4 of 30 (4 complete) sells 900 tickets at $65 per ticket. There are 140 shows per year. No additional shows can be held as a net average of $330 per show. The cast is paid after each show. The other variable cost is a progra Requirements X compute 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows City Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,128,000. Is this profit goal realistic? Give your reasoning 4. Prepare City Productions's contribution margin income statement for 140 shows performed in 2018. Report only two categories of costs: variable and fixed. Print Done Target profit ds and then continue to the next question. MacBook Air Question Help City Productions performs London shows. The average show selle tickets at $65 per icket. There we 140 shown per year. No additional shows can be held as the theater is also used by de production companies. The average show has a cast of 55, each earning a net average of $330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of 19 per quest Annual and conta total $580.500. Read the requirements Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each show. Sales revenge per show Select the formula and enter the amounts to compute variable costs for each show. Compute the variable costs per show for each com opery, and then compare the tal variable conta per show Variable cose per show Cost of programe Cost of performers Tocal variable costs Requirement 2. Use the equation approach to compute the number of shows City Productions must perform each year to break even First, select the formula to compute the required sales in units to break even Target peat Requirement 2. Use the equation approach to compute the number of shows City Productions must perform each year to breve Pinselect the formulate compute the required sales in units to break even Rearrange the formda you determined above and compute the regured number of shown to break even The number of howded any to break even is Requirement 1. Use the corbution marginato approach to compute the number of shows needed each you to com a profit of 84.128.000. Is this profit goal realitie? Give your reasoning Begin by showing the formula and then entering the amounts to the required audotas com a profit of 54,128.000 and the required to in dators to the real Rount man formula to two decimal places, Xxx Aviation used: CM contribution margin) - Required sales in der Now one the remation given and the required sale in dollars computed in the previous stop to determine the required number of shows needed each you to com a prott or 4.128.000 Pound your news The nearest whole number Choose from any ist or enter any number in the root felds and men continue to the next question. Rearrange the formula you determined above and compute the required number of shown to break even. The number of shows needed annually to break even is Requirements. Use the contribution margin ratio approach to compute the number of shows needed each year to com a profit of 54,128,000. In this profit goal reallie? Give your reasoning Begin by showing the formula and then entering the amounts to calculate the required sales dollars ben a proft of $4,120,000. Round the quired as indotos to a nawet whole delle Pound mountain formula to two decimal places, xx.xx. Abbreviation used: CM contribution margin - Required sales in dollars Now use the information given and the required sales in dollars computed in the previous step to determine the required number of shows needed each year to earn a profe of 2.120,000. Mound your new up the nearest whole number) The number of shows needed annually to eam a profit of S4,128.000 ha Is this profit goal realistic? Give your reasoning The profit goal of $4, 128,000 is since City Productions currently performs 140 shows a year. Rulment 4. Pra C Paddin'in rincomalement for 140 shows in 2018 Recoratione variable and fund The number of shows needed annually to earn a profit of $4,120,000 Is this profit goal realistic? Give your reasoning The profit goal of $4,128,000 is since City Productions currently performs 140 shows a year Requirement 4. Prepare Chy Productions's contribution margin income statement for 140 shows performed in 2018. Report only two categories of contu: variable and feed. City Productions Contribution Margin income Statement Year Ended December 31, 2018 Operating Income (Loss)

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