A traveling production of Chicago performs each year. The average show sells $1$ comma $200$ tickets at $ $60$ a ticket. There are $100$ shows each year. The show has a cast of $50,$ each earning an average of $ $320$ per show. The cast is paid only after each show. The other variable expense is program printing costs of $ $6$ per guest. Annual fixed expenses total $ $1$ comma $464$ comma $000.$

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Part $1$

Requirement $1.$ Compute revenue and variable expenses for each show.

The revenue for each show is

$.$is program printing costs of $$6$ per guest. Annual fixed expenses total $$1,464,000.$

Read the requirements.

Requirement $1.$ Compute revenue and variable expenses for each show.

The revenue for each show is

Requirements

Compute revenue and variable expenses for each show.

Use the income statement equation approach to compute the number of

shows needed annually to break even.

Use the shortcut unit contribution margin approach to compute the number of

shows needed annually to earn a profit of $$3,025,600$ Is this goal realistic?

Give your reason.

Prepare Chicago's contribution margin income statement for $100$ shows each

year. Report only two categories of expenses: variable and fixed.