Fiead the teaviements: Requirement 1. Compute revseue and variable coute for each show. Sepct the formula and entler the ancunts to compute saies revenie for each show. - Fales rumenue por show show. The numbier of shows needed annuaby to broak even is is mis profit poil realistic? Cve your reaboning: Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each h to compute the number of shows uired sales in units to break even. Eegin by showing the formula and then entering the amounts to calculate the required soles doliars to earn a profit of $4,500.000. (Round the required sales in dollars to the nearest whole dollar. Found amounts in the formula to two decimal places, . Abbrewation used: CM= contribution margin.) Now use the information given and the required soles in dollars computed in the previous step to dotermine the required number of shows needed each year to parh a profit of $4.500,000. (Round your anwwer up to the nearest whole number.) The number of shows needed annualy to earn a profit of $4,500,000 is Is this profit goal realistic? Give your reasoning The profit gool of $4500,000 is nince Tower Productions currently performs 145 shows a year. Requirement 4. Prepare Tower Productions' contribusion margin income statement far 145 shows performed in the year. Report only two categorles of costs variable and fixpd. Tower Productions performs London shows. The average show sells 1,300 tickets at $50 per ticket. There are 145 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 72 , each earning a net average of $300 per show. The cast is paid after each show. other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $570,600. Read the Now use the information given and the required sales in dollars computed in the previous step to determine the required number of shows needed each year to earn a profit of $4,500,000. (Round your answer up to the nearest whole number.) The number of shows needed annually to earn a profit of $4,500,000 is Is this profit goal realistic? Give your reasoning. The profit goal of $4,500,000 is since Tower Productions currently performs 145 shows a year. Requirement 4. Prepare Tower Productions' contribution margin income statement for 145 shows performed in the year. Report only two categories of costs: variable and fixed. Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Tower 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 $4,500,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Tower Productions' contribution margin income statement for 145 shows performed in the year. Report only two categories of costs: variable and fixed. Tower Productions performs London shows. The average show sells 1,300 tickets at $50 per ticket. There are 145 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 72 , each earning a net average of $300 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $570,600. 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. 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 cosis per show. Total yarable costs Requirement 2. Use the equation approach to compute the number of shows Tower Productions must perform each year to break even. First, select the formula to compute the required sales in units to break even. Tower Productions performs London shows. The average show sells 1,300 tickets at $50 per ticket. There are 145 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 72 , each earning a net average of $300 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $570,600. Read the Requirement 2. Use the equation approach to compute the number of shows Tower Productions must perform each year to break even. First, select the formula to compute the required sales in units to break even. Rearrange the formula you determined above and compute the required number of shows to break even. The number of shows needed annually to break even is Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,500,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn a profit of $4,500,000. (Round the required sales in dollars to the pearest whole dollar. Round amounts in the formula to two decimal places, XXX. Abbreviation used: CM= contriation margin.) Now use the information given and the required sales in dollars computed in the previous step to determine the required number of shows needed each vear to earn a profit of $4,500,000. (Round vour answer up to the neares. ells 1,300 tickets at $50 also used by other prod 0 per show. The cast is ual fixed costs total $570 ow. je for each show. = ts for each show. Comput costs per show