Celeb Productions peronne Loncon shows. The average show selle 1.300 Eckels al 380 per lickel. There are 140 shows per year. No additional chons can be held as the lealer is also used by ollier production companies. The average show has a cast of 65, each earning a ne average of $840 per show. The cast is paid after each show. The ather variable cost is a program-printing cost af Sa per guest. Annual fixed costs total $724,000. Read the requirements Requirement 1. Compute revenue and variable costs for each show. Select the fomula and enter the amounts to compute sales revenue for each show. Net sales revenue par unit Number of unita sold Sales revenue per show S 50 1,800 78,000 Requirements Select the formula and enter the amounts to compule variable cele for each show. Cornpute the variable custa per show for each wel separately, and then compute the tolal variable costs per show Variable costs per unit Nurnber of units - Variable costs per show Cost of programa $ 8 1.300 10400 $ Cost of performers 340 $ 85 22.100 x $ 32.500 Tocal variable costs 1. Compute revenue and variable costs for each show. z. Use the equation approach to compute the number of shows Celeb Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compule the number of shoes needed each year to cam a profit of $5.697,500. Is this profit goal realistic? Give your reasoning 4. Prepare Cales Procution's contribution margin income statement for 140 shows performed in 2018. Report only two categories of bosts: variable and thred. Requirement 2. Use the equation approach to carroute the number of shows Celeb Productions must perform each year to break even. First, select the formula to comaute the required sales in units to break even Net sales revenue Variable costs Fixed costs = Target first Print Dona Rearrange the formula you delermined above and compute the required number of chons to break even The number of shows needed annualy to break even is 16 Requirement 3. Use the contribution margin ratio aparaach to compute the number of shoes readed Aach year to arm a proto 55,687,500. Is this prett goal rastie Ghe your reasoning Fagin by showing the formua and then entering the amounts to calculate the required sales collars to eam a profit of $5,687,500 (Round the required sales in colors to the nearest whole dollar. Round amounts in the formula to two decimal places, XX XX Abbreviation used: CM = contribution margin.) Fixed costs + Target profit) CM ratio = Recuired sales in dollars + - 1
