England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 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 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable cos is a program-printing cost of $8 per guest. Annual fixed costs total $728,000 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. Number of units sold 1,300 Net sales revenue per unit 60 = Sales revenue per show $ $ X 78,000 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. Number of units 1,300 Variable costs per unit 8 $ = Variable costs per show 10,400 22.100 Cost of programs Cost of performers $ $ 65 340 32.500 Total variable costs Requirement 2. Use the equation approach to compute the number of shows England Productions must perform each year to break even. First, select the formula to compute the required sales in units to break even. Target profit Contribution margin per unit Fixed costs Net sales revenue Net sales revenue per unit Variable costs