Green Productions peforms London shows. The average show sols 1,300 tickents at $50 per ticknt There are 145 shows per year No additional shows can be held as the theater is also used by other production companios. The average show has a cast of 72 , each eaming a net average of $300 per show The cast is paid after each show The other variable cost is a programprinting cost of $9 per guest Annual fised costs total $570,600 Read the requirements Requirement 1, Compute revenue and variable costs for each show. Seloct the formula and enler the amounts lo compute sales revenue for each show Soled the formula and erter the amounts to compute variable costs for each whow. Corpule the variahle costs per show for eoch cost separately and inen compute the tolat voriable costs per show Requirement 2 . Uive the equation approach to corpute the number of shows Green froductions muat perform each year bo bruak wen. Green Productions performs London shows. The average show sells 1,300 tickets at $50 per tickot. There are 145 shows per year. No additional shows can be held as the theater is also used by other production companies. The averago show has a cast of 72 , each earning a net average of $300 per $ how The cast is paid after each show. The other variable cost is a program-printing cost of $9 per guest. Annual focod costs fotal $570,600. Read the requirements. Requirement 2. Use the equation approach to compule the number of shows Green Productions must perform each year to break even First, select the formula to compute the required sales in units to break oven. Rearange the formula you determined above and compule the required number of shows to break even. The number of shows needod annually to break even is Requirement 3. Use the contribution margin ratio approach to compule the number of shows neoded each year to earn a profit of $4,500,000 (Round contribution ratio to two docimal places ) is this profit goal realistic? Give your reasoning Begin by showing the formula and then entering the amounts to calculato the required sales dollars to eam a profir of $4,500,000. (Round the required sales in Green Productions performs London showh. The average show solis 1,300 tickets at $50 per ticket Thero are 145 shows per year. No additional shows carn be held as the theater is also used by other production companies. The average show has a cast of 72 , each eaming a net average of $300 per show. The cast is paid affer each show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $570,600 Read the tequirements 1. 1+ = Required sales in dollars ( 1= Now use the information given and the required sales in dollars compuled in the previous step to dotermine the required number of shows noeded each year to earn a profit of $4,500,000. (Round your anewer up to the nearest whole number) Is this profit goal realistic? Cive your reasoning The profie gat of $4,500,000 is since Green Productions currenUy pertorms 145 shows a ygar Requirement 4. Prepore Green Productions' contribution margin inoorne statement for 145 shows performed in the year fleport anly two categories of costs Variatile and fixed. Green Productions pertorms London shows. The average show sells 1,300 tickets at $50 per ticket. There are 145 shows per yoar. No additional shows can be held a the theater is also used by other production companies. The averago show has a cast of 72, each earning a net average of $300 per show. The cast is paid affer each show. The other variable cost is a program-printing cost of $9 per guest. Arruai foued costs total $570,600 Read the tequitements The profit goal of $4,500,000 is since Green Productions currently performs 145 shows a yoar. Requirement 4. Prepare Green Productions' contribution margin income staternent for 145 shows performed in the yoar. Report ondy two categories of costs: vanabie and fred Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Green 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 eam a profit of $4,500,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Green Productions' contribution margin income statement for 145 shows performed in the year. Report only two categories of costs: variable and fixed