Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 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 60, each earning a net average of $320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $8 per guest Annual fixed costs total $459 200 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 Sales revenue per 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 costs per show Variable costs per show Cost of programs Cost of performers Total variable costs Requirement 2. Use the equation approach to compute 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 even Target profit 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 eam a profit of $4,264,000. 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 eam a profit of $4,264,000. (Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal places, XX XX Abbreviation used CM = contribution margin) = Required sales in dollars Choose from any list or enter any number in the input fields and then continue to the next question Green Productions performs London shows. The average show solls 1,000 tickets at 560 per ticket. There are 155 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 60, each earning a net average of $320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $8 per guest. Annual fixed costs total $459 200 Read the requirements 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 $4,254,000. 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 eam a profit of $4 264,000. (Round the required sales in dollars to the nearest whole dollar Round amounts in the formula to two decimal places, XX.XX. Abbreviation used CM contribution margin.) - Required sales in dollars 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 $4,264,000. (Round your answer up to the nearest whole number.) The number of shows needed annually to earn a profit of 54 264,000 is Is this profit goal realistic? Give your reasoning, The profit goal of $4,264,000 is since Green Productions currently performs 155 shows a year Requirement 4. Prepare Green Productions's contribution margin income statement for 155 shows performed in 2018. Report only two categories of costs: variable and feed Green Productions Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss) Choose from any list or enter any number in the input fields and then continue to the next question Weston HEID Green Productions performs London shows. The average show sells 1,000 tickets at 560 per ticket. There are 155 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 60. each earning a net average of $320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $8 per quest Annual foced costs total $459 200 Read the requirements 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 $4,264,000. 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 $4 264,000 (Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal places, XXXX Abbreviation used: CM = contribution margin) 0 Requirements of shows needed each year to Now use the information given and earn a profit of $4 264,000. (Round 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows The number of shows needed and Green Productions must perform each year to break even 3. Use the contribution margin ratio approach to compute the number of shows Is this profit goal realistic? Give you needed each year to earn a profit of 54.264,000. Is this publit goal realistic? Give your reasoning The profit goal of 54.264,000 is Prepare Green Productions's contribution margin income statement for 155 shows performed in 2018 Report only two categories of costs variable and fired Requirement 4. Prepare Green P variable and fored Green Production Print Done Contribution Margin Income Year Ended December 31, 2018 y two categories of costs Operating Income (Loss) Choose from any list of enter any number in the input fields and then continue to the next question Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 shows per year. No additional shows can be he as the theater is also used by other production companies. The average show has a cast of 60, each earning a net average of $320 per show. The cast is paid aft each show. The other variable cost is a program-printing cost of 58 per guest. Annual fixed costs total $459 200 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. = Sales revenue per show mounts to compute variable costs for each show. Compute the variable costs per show for each cost separately, and then ar show. Contribution margin per unit Fixed costs Net sales revenue per unit Number of units sold Operating income Total variable cost Variable costs per unit J = Variable costs per show Requirement 2. Use the equation approach to compute 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 even. Target profit 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 cam a profit of 54.264,000. 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 $4264.000. (Round the required sales in dollars to the nearest whole dollar Round amounts in the formula to two decimal places, XX XX. Abbreviation used, CM contribution margin - Required sales in dollars Choose from any list or enter any number in the input fields and then continue to the next question Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 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 60. each earning a netaverage of 5320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $8 per guest. Annual fixed costs total $459,200. 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 - Sales revenue per show ET 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 - Variable costs per show Cost of programs Cost of performers Contribution margin per unit Fixed costs per unit Total variable costs Net sales revenue per ticket Requirement 2. Use th Number of units he number of shows Green Productions must perform each year to break even Operating income First, select the formula Total fixed cost units to break even Total variable cost Target profit Variable costs per unit Rearrange the formula yu g te 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 $4264,000. 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 eam a profit of $4.264,000. (Round the required sales in dollars to the nearest whole dotar Round amounts in the formula to two decimal places, XX.XX. Abbreviation used CM = contribution margin.) ( Required sales in dollars ( - ) % - Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 shows per year. No additional shows can be is the theater is also used by other production companies. The average show has a cast of 60, each earning a net average of $320 per show. The cast is paid each show. The other variable cost is a program-printing cost of $8 per guest. Annual fixed costs total $459 200 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. = Sales revenue per 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 costs per show. = Variable costs per show Cost of programs Cost of performers Total variable costs Requirement 2. Use the equation approach to compute 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 even = Target profit ined above and compute the required number of shows to break even Contribution margin per unit Fixed costs sually to break even is Net sales revenue Net sales revenue per unit on margin ratio approach to compute the number of shows needed each year to earn a proft of 54 264,000. Is this profit goal Variable costs wyrwy ww w mw then entering the amounts to calculate the required sales dollars to earn a profit of $4,264,000 (Round the required sales in dollars to the nearest whole dollar Round amounts in the formula to two decimal places, X XX. Abbreviation used CM contribution margin) - Required sales in dollars Choose from any list or enter any number in the input fields and then continue to the next Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 shows per year. No additional shows can be he as the theater is also used by other production companies. The average show has a cast of 60. each earning a net average of $320 per show. The cast is paid aft each show. The other variable cost is a program-printing cost of 58 per quest Annual fixed costs total $459,200 Read the requirements 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 $4,264,000. 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 $4,264,000. (Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal places. XX.XX. Abbreviation used: CM = contribution margin) = Required sales in dollars CM per unit Now CM ratio 1 given and the required sales in dollars computed in the previous step to determine the required number of shows needed each year to 100. (Round your answer up to the nearest whole number) ean Fixed costs The Variable costs leeded annually to eam a profit of $4,264,000 is Is this profit goal realistic? Give your reasoning The profit goal of $4,264 000 is since Green Productions currently performs 155 shows a year Requirement 4. Prepare Green Productions's contribution margin income statement for 155 shows performed in 2018. Report only two categories of costs variable and fored Green Productions Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss) hann from enter any number in the input fields and then continue to the next question Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 shows per year. No additional shows can be hi as the theater is also used by other production companies. The average show has a cast of 60, each earning a net average of $320 per show. The cast is paid aft each show. The other variable cost is a program-printing cost of $8 per quest. Annual fixed costs total $459 200 Read the requirements 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 $4 264,000. 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 $4 264,000. (Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal places, XXXX Abbreviation used CM contribution margin) - Required sales in dollars 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 $4,264,000. (Round your answer up to the nearest whole number) The number of shows needed annually to earn a profit of $4264,000 is Is this profit goal realistic? Give your reasoning The profit goal of 54 264,000 is M since Green Productions currently performs 155 shows a year ibution margin income statement for 155 shows performed in 2018. Report only two categories of costs Requirement 4. Prepare Green variable and fored realistic Green Productie unrealistic Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss) Green Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 155 shows per year as the theater is also used by other production companies. The average show has a cast of 60, each earning a net average of $32 each show. The other variable cost is a program-printing cost of $8 per guest. Annual fixed costs total $459,200 Read the requirements 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 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 $4,264,000. (R dollars to the nearest whole dollar. Round amounts in the formula to two decimal places, XXXX. Abbreviation used: CM = con + = Required sales in dollars Now use the information given and the required sales in dollars computed in the previous step to determine the required number of sh earn a profit of $4,264,000. (Round your answer up to the nearest whole number) The number of shows needed annually to eam a profit of $4,264,000 is Is this profit goal realistic? Give your reasoning The profit goal of $4,264,000 is since Green Productions currently performs 155 shows a year Requirement 4. Prepare Green Productions's contribution margin income statement for 155 shows performed in 2018. Report only two variable and fixed. Green Productions Contribution Margin Income Statement Year Ended December 31, 2018 Contribution Margin Cost of Goods Sold Fbced Costs Gross Profit Sales Revenue C Variable Costs number in the input fields and then continue to the next
