answer please and i will leave like
other production companies. The average show haverage show sells 1,680 tickets at $48 per ticket. There are 125 shows per year. No additional shows can be held as the thester is also used by \$6 per guest. Annual foxed costs total $923,440. Read the requirements. Requirement 1. Compute revenue and variable costs for each show, Solect the formula and enter the amounts to compute sales revenue for each show. - Sales revenue per show Select the formula and enter the amounts to compute variable costs for each show. Compute the variable costs per show for each cost senarasely. and hen compute the total variabie costs per show. Requirement 2. Use the equation approach to compute the number of shows Tower Productions must peritarm each year to break even. First, select the formula to compute the required sades in units to break even. Rearrange the formula you determined above and compute the required number of shows to break even. The number of showe needed annially to break even is profit goal realistie? Give your reasoning Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $5,250.000 (Round contribution rato to two decimal places) Is this profit goal realistic? Give your reasoning. Begin by showing the formula and then entering the amounts to calculate the required sales dollars to eam a proft of 55,250,000. (Round the required sales in dolars to the rewent whin tolat r. Round amounts in the formula to two decimal places, . Abbreviation used: CM= contribution margin.) Now use the information given and the required sales in dollars computed in the previous step to determine the required number of shows noeded each yoar to eam a proft of $5.250, ose. (Raund your answer up to the nearest whole number.) The number of shows needed annually to earn a profit of 35.250,000 is Is this profit goal realistic? Give your reatoning. The profil goal of $5,250,000 is since Tower Productions currently performs 125 shows a year. Requirement 4. Prepare Tower Productions' contribution margin income statement for 125 shows performed in the year. Report only two categories of costs: variable and fixod, $6 per guest. Annual fixed costs total $923,440. Fead the coovirements. Requirements Requirement 3, Use th of 55,250,000. (Round corvibutien ratio to two dieimai tiocen.) is tha Begin by ahowing the fer 1. Compute revenue and variable casts for each show 2. Use the eesuation approach to compute the number of ahows Tower Productiona nwist pertorm each year to break even. 3. Use the contraulen margin rato approach to compute the number of shows needed each year to eam a profit of 35,250,000. (Round contribusen ratio so two decimal places.) is this proft goal reailetic? Cive your reasoning 4. Prepare Tower Productions' econirabution margin income statement foe 125 thows performed in the year. Repont only two categories of conts variabie and fined The number of shiwat of Is this pront goal realist The prola goal of 55,25 Requirement 4, Prepar ony two categories of coeis varista and freed
