Amazing Productions performs London shows. The average show sells 1,430 tickets at $55 per ticket. There are 170 shows per year. No a other production companies. The average show has a cast of 50 , each earning a net average of $350 per show. The cast is paid after each $11 per guest. Annual fixed costs total $999,240. Read the requirements. Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each show. Select the formula and enter the amounts to compute variable costs for each show. Compute the variable costs per show for each cost se show. Requirement 2. Use the equation approach to compute the number of shows Amazing Productions must perform each year to break eve First, select the formula to compute the required sales in units to break even. Net sales revenue . Variable costs . Fixed costs = Target profit Rearrange the formula you determined above and compute the required number of shows to break even. The number of shows needed annually to break even is Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Amazing Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $5,750,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Amazing Productions' contribution margin income statement for 170 shows performed in the year. Report only two categories of costs: variable and fixed. Amazing froductions performs London shows. The average show selts 1,430 tckots at $55 per ticket. There aro 170 shows per year, No additonal shows can be hild as the theater is also used by other production companies. The average show has a cast of 50 , each earning a net average of $350 per show. The cast is paid ather each show. The other vartabie cent is a program-grinting cont of $11 per guest. Annual foxsd costs total $999.240. Renad the