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Celeb Productions performs London shows. The average show sells 1,200 tickets at $75 per ticket. There are 140 shows per year. No additional shows

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Celeb Productions performs London shows. The average show sells 1,200 tickets at $75 per ticket. There are 140 shows per year. No additional shows can be held as the theater is also used by other production companies. The average show has a cast of 70, each earning a net average of $340 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $15 per guest. Annual fixed costs total $626,600. 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. = 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 separately, and then compute the total variable costs per show. Cost of programs Cost of performers x =Variable costs per show = Total variable costs Requirement 2. Use the equation approach to compute the number of shows Celeb Productions must perform each year to break even. First, select the formula to compute the required sales in units to break even.

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