A traveling production of Hairspray performs each year. The average show solls 800 tickets at $40 per ticket. There are 120 shows each year. The show has a cast of 65, each earning an average of $340 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 $163,200. Read the requirements ige CH Requirement 1. Compute revenue and variable expenses for each show. . The revenue for each show is $ The variable expenses for each show are $ CH Requirement 2. Use the income statement equation approach to compute the number of shows needed annually to break even Begin by determining the basic income statement equation ch - Operating income Using the basic income statement equation you determined above, solve for the number of shows to breakeven CH The number of shows needed annually to break even is Ex Requirement 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to eam a profit of $571,200 Is this goal realistic? Give your reason Begin by selecting the formula nd qui Choose from any list or enter any number in the input fields and then continue to the next question. A traveling production of Hairspray performs each year. The average show solls 800 tickets at $40 per ticket. There are 120 shows each year. The show has a cost of 65, each earning an average of $340 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 $163,200 Assig Read the requirements Uning the basic income statement equation you determined above, solve for the number of shown to breakeven. The number of shows needed annually to break even is Requirement 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $571,200 is this goal realistic? Give your reason Begin by selecting the formula Target of shows CH Using the equation you determined above, solve for the target number of shows. ch The number of shows needed annually to eam a profit of $571,200 is The profit goal of $571,200 is since Hairspray currently performs 120 shows a year. . Requirement 4. Prepare Hairspray's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed. Hairspray Contribution Margin Income Statement ests and Choose from any list or enter any number in the input fields and then continue to the next question. ests and qui EX G Tests and Quizzes Attempts A traveling production of Hairspray performs each year. The average show sells 800 tickets at $40 per ticket. There are 120 shows each year. The show has a cast of 65, each earning an average of $340 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 $163,200. Read the requirements Assige Using the equation you determined above, solve for the target number of shows The number of shows needed annually to eam a profit of $571,200 is CH The profit goal of $571,200 is since Hairspray currently performs 120 shows a year Requirement 4. Prepare Hairspray's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed ch Hairspray Contribution Margin Income Statement Year Ended December 31 CH D EX Tests and Choose from any list or enter any number in the input fields and then continue to the next question ests and qui Attempts ovcu. Apr 18 program printing costs of $6 per guest. An the requirements. the equation you determined a 0 Requirements number of shows needed annud profit goal of $571,200 is airement 4. Prepare Hairspray's expenses: variable and fixed Hairspray Contribution Margin Inca Year Ended Dece 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows nooded annually to break oven. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $571,200 Is this goal realistic? Give your reason. 4. Prepare Hairspray's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed. Print Done ose from any list or enter any number in the input fields and then continue to the next
