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 SUUS revenue vun expenses Fixed expenses Operating income Using the basic income statement equation you determined above, solve for the number of shows to breakeven. The number of shows needed annually to break even is 32 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 realisti? Give your reason. Begin by selecting the formula Contribution margin per show - Target # of shows Using the equation you determined above, solve for the target number of shows, 144 The number of shows needed annually to earn a profit of $571,200 is The profit goal of $571,200 is realistic 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 Choose from any list or enter any number in the input fields and then continue to the next