Cost of pers Rearrange the herma you dramined abo The umber of shows needed ly Beg ty showing t er of shows and each c Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous 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 $4,800,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Famous Productions' contribution margin income statement for 160 shows performed in the year. Report only two categories of costs: variable and fixed