England Productions performs London shows. The average show sells 1,300 tickets at $60 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 65 , each earning a net average of $340 per show. The cast is paid after each show. The other variable cost is program-printing cost of $8 per guest. Annual fixed costs total $728,000. Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows England 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 $5,687,500. Is this profit goal realistic? Give your reasoning. 4. Prepare England Productions's contribution margin income statement for 140 shows performed in 2016. Report only two categories of costs: variable and fixed. Select the formula and enter the amounts to compute variable costs for each show. Compute the variable ...... chowe for each cost separately, and then compute the total variable costs per show. 5 England Productions must perform each umber of shows needed each year to earn reasoning. statement for 140 shows performed in 1. ists for each show. Compute the variable tal variable costs per show. England Productions performs London shows. The average show sells 1,300 tickets at $60 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 65 , eac paid after each show. The other variable cost is pro total $728,000. Requirements 1. Compute revenue and variable costs for each : 2. Use the equation approach to compute the nur year to break even. 3. Use the contribution margin ratio approach to c a profit of $5,687,500. Is this profit goal realisti 4. Prepare England Productions's contribution me 2016. Report only two categories of costs: vari Select the formula and enter the amounts to compu costs per show for each cost separately, and then c