Compute revenue and variable costs for each show.

$2.$

Use the equation approach to compute the number of shows Queen Productions must perform each year to break even.

$3.$

Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $ $5$ comma $750$ comma $000.($Round contribution ratio to two decimal$$ places.$)$ Is this profit goal$$ realistic? Give your reasoning.

$4.$

Prepare Queen Productions$\text{'}$ contribution margin income statement for $150$ shows performed in the year. Report only two categories of$$ costs: variable and fixed.

performs London shows. The average show sells $1$ comma $100$ tickets at $ $70$ per ticket. There are $150$ 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 $45,$ each earning a net average of $ $310$ per show. The cast is paid after each show. The other variable cost is a$$ program$-$printing cost of $ $13$ per guest. Annual fixed costs total $ $487$ comma $500$