City 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.

Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows City Productione musit perform each year to break ever. 3. Use the contribution margin ratio approach to compute the number of shows: needed each year to earn a profit of $5,000,000. (Round contribution ralio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare City Productions' contribution margin income statement for 140 shows performed in the year. Report only two categories of costs: variable and fixed. Leaten menenow the maniter of atowe teeded armasly is tarat wien in