A traveling production of Beauty and the Beast performs each year. The average show sells 800 tickets at $65 per ticket. There are 130 shows each year. the show has a cast of 65, each earning an average of $320 per show. The other variable expense is program printing costs at $5 per guest. annual fixed expenses total $489,600.

Requirements - X 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $2,094,400 Is this goal realistic? Give your reason. 4. Prepare Beauty and the Beast's contribution margin income statement for 130 shows each year. Report only two categories of expenses: variable and fixed. Print Done