British Procutione performs Loncon Shons. The average show sells 1.000 tices at 550 per ticket. There are 140 shows per year. No additional show can be held as the theater is also used by other production companies. The average show has a set of 50, cachearing anal average of S320 per show. The cast is paid after each show. The other variable wet is a program-printing wos.of s& per guest. Arnual xec coels total $459.200. Read the requirements Requirement 1. Compute revenue and variable costs for cach show Select the formula ancieriler the arounils to compute sales revenue for each show. Requirements - Sales revenue per On - Select the formula on eriler the rouils to compute variable wss for each show. Cumpuls the variable cose per show for exchat separately, and then compute the folal variable cusls per show = Variable ccals per shop Cost of programs I Cost of performers | Total Wariahla nas 1. Compule revenue and variable cuels fur ch show. 2. Vee the equation approach to compute the number of showe British Productions mus perform usuh year to break wen. 3. Use the contribuon margin ratio approach to compute the number of shows redyd each year low a profil of 84,264.000. (Ruurd ribution ratio lo two decimal places. Is this profit goal rulistu? Give your reasoning. 4. Prepare Brilishi Productione' sorribution margin income statement for 110 shows performed in the year. Repurt only two categories of posis: variable and foed Print Dona Requirement 2. Use the equation approach to compute the number of stons British Productions must perform each year to break even. Firel, select the formula w corpule the required wales in units to break even. 1 = Target prent Rearrange the formule you determined above and compute the required number of shows to break even The number of shows needed annually threak even is Requirement 3. Use the contribution margin ratio approar in compute the number of shows readed anchor to An Aont of $4,264.0011. (Round contbution ratia to twa decimal places, Is this prontgoal RIGH.7 Ge your reasoning. Begin by showing the fomula and then entering the amounts to calculate the required sale dollars to eam a proft of $4,284,000. (Round the required sales in dollar to the nearest whole dular. Round amounts in the formula to two decimal places, X Abbreviation used: CM - contrbution margin. i - Recuired sales in dolars = Now use the information given and the required salca in dollars computed in the previous step to determine the required number of shows rooded coch ycer tocat apontor S4,264.003. (Round your answer up in the nearest whole number.) The number of shows needed annually to earn a profit of $4,284,000 is Is this profilul rollid? Give your reasoning The progral of $4,964, I Y sinca British Productore currently pertama 14 shows a year Requirement 3. Use the contbulion marginato approach to compute the number of shown.cod each year to earn a craft of $4.28:4,000. {Round contrbution ratio botan dedmal places. Is this prot gaalaltic Give your reasoning. begin by showing the formula and then entering the arounts to calculate the required sales dullars to earn a profit of $4,284,000. (Round the required sales in dulars to the nearest while dollar. Round amounts in the formula to two decimal places Xxxx. Abbreviation used: CM - contribution margin.) - Required sales in dollars + Now use the infamation given and the requred sales ndallars computed in the previous step to determine the required number of shows needed each year to cam a prott of $4.264,000. (Round your answer up to the nearest whole number.) The number of shows needed ammually lo eam a pritol 34,264.000 is A Regulements Is this profi goal realistic? Give your reasoning. The price of $4,264.000 sincertish Productions sumanity performs 140 shows a year. Requirement 4. Prepare British Productors' wonilribution margin ircuire statement for 140 st performed in the year. Reporterly la categories of curls: variable and free British Productions Contribution Margin Income Statement Year Ended December 31, 20XX 1. Computerevenue and vereble costs for each show. 2. Use the couation approach to compute the number at shows Berah Productions muslp maach year to break even margin ho Manded each year to eat a amit of $4,764 0an (Roundndbution ratio to two decimal plaaslls this profit goal realistic? Give your reasoning. Frapara British Productional contribution margin income statement for 140 shows performed in the year. Report only two categories of oss variable and we Print Done Dalla Operating Income (Love) Choose from any Ist or enter any number in the input fields and then continue to the next