A traveling production of Beauty and the Beast performs each year. The average show sells 1,300 tickets at $40 a ticket. There are 115 shows each year. The show has a cast of 75, each earning an average of $330 per show. The cast is paid only after each show. The other variable expense is program printing costs of $9 per guest. Annual fixed expenses total $466,500. Read the requirements Requirement 1. Compute revenue and variable expenses for each show. The revenue for each show is * Requirements 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 $1,741,600 Is this goal realistic? Give your reason 4. Prepare Beauty and the Beast's contribution margin income statement for 115 shows each year. Report only two categories of expenses: variable and fixed. Print Done Enter any number in the edit fields and then click Check Answer 7 Parts remaining Clear All Check