hello please help me solve these problems, i already took the test and failed this is my second attempt.

Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous Productions must perform each year to break even. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $5,750,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 3. 4. Prepare Famous Productions' contribution margin income statement for 150 shows performed in the year. Report only two categories of costs: variable and fixed. Print Done Target pront Famous Productions performs London shows. The average show sells 1,100 tickets at $70 per ticket. There are 150 shows por year No additional shows can be held as the theater is also used by other production companies. The average show has a cast of 45, each earning a not average of $310 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $13 per guest. Annual fixed costs total $487,500. Read the equirements 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 Vanable costs par show x X Cost of programs Cost of performers Total vanable costs Requirement 2. Use the equation approach to compute the number of shows Famous Productions must perform each year to break even First, select the formula to compute the required sales in units to break even Target profit 4 1 H A O Next Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each = Sales o compute variable costs for each Contribution margin per unit x Fixed costs X Net sales revenue per unit X Number of units sold h to compute the number of shows Operating income uired sales in units to break even Total variable cost Variable costs per unit =Quiz: Chapter M:5 Quiz Famous Productions pe Contribution margin per unit as the theater is also us each show. The other v Fixed costs per unit Read the requirements. Net sales revenue per ticket Number of units Requirement 1. Compi Operating income Select the formula and Total fixed cost Total variable cost Select the formula and compute the total variat Variable costs per unit Cost of programs Cost of performers Total variable costs Question 1 of 2 sells 1,100 tickets at $70 per ticket. erage show has a cast of 45, each 13 per guest. Annual fixed costs tota OW. Je for each show. = Sales revenue per show ts for each show. Compute the varia = Variable X unuto the number of shows Famous Productions m 11 11 Famous Productions performs London shows. The average show sells 1,100 tickets at $70 per ticket There are 150 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 45, each earning a net average of $310 per show. The cast is paid affer each show. The other variable cost is a program-printing cost of $13 per guest. Annual fixed costs total $487,500 Read the requirements. total variable costs Requirement 2. Use the equation approach to compute the number of shows Famous 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 earn a profit of $5,750,000 (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 $5,750,000 (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 $5,750,000 (Round your answer up to the nearest whole number) Next Requirement 2. Use the equation approach to compute the number of shows Famo First, select the formula to compute the required sales in units to break even. ve and compute the required number of s break even is Contribution margin per unit Fixed costs in ratio approach to compute the number al realistic? Give your reasoning. Net sales revenue ering the amounts to calculate the required amounts in the formula to two decimal plac Net sales revenue per unit = Required sales in c % Variable costs uired sales in dollars computed in the previe 1 earn a profit of $5,750,000. (Round your answer up to the nearest whole number.) Requirement 2. Use the equation approach to compute the number of shows Famous Pr First, select the formula to comnute the required sales in units to break even. Rearrange the formula! CM per unit and compute the required number of shows The number of shows n ik even is CM ratio Requirement 3. Use th ratio to two decimal plac atio approach to compute the number of sho ealistic? Give your reasoning. Sales price Begin by showing the fo dollars to the nearest wl Target profit g the amounts to calculate the required sale unts in the formula to two decimal places, X = Required sales in dollars + ( % Now use the information given and the required sales in dollars computed in the previous s Pound your answer up to the nearest whole number.) ach to compute the number of shows Famous Product ed number of shows to br te the number of shows ne oning ate the required sales doll vo decimal places, XX.XX. First, select the formula to compute the required caloc in unite to break even. Rearrange the formula you determined abov CM per unit CM ratio The number of shows needed annually to br Requirement 3. Use the contribution margir ratio to two decimal places.) Is this profit goe Begin by showing the formula and then ente dollars to the nearest whole dollar. Round ar Fixed costs Variable costs = Required sales in dollars + + ( Now use the information given and the required sales in dollars computed in the previous step tor ad your answer up to the nearest whole number) Famous Productions performs London shows. The average show sells 1,100 tickets at $70 per ticket. There are 150 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 45, each earning a not average of $310 per show. The cast is pard after each show. The other variable cost is a program-printing cost of $13 per guest Annual fixed costs total $487,500. Read the requirements can a pivs, u you anawe up to the GOL IN The number of shows needed annually to earn a profit of $5,750,000 is Is this profit goal realistic? Give your reasoning. The profit goal of $5,750,000 is since Famous Productions currently performs 150 shows a year Requirement 4. Prepare Famous Productions contribution margin income statement for 150 shows performed in the year Report only two categories of costs: variable and fixed Famous Productions Contribution Margin Income Statement Year Ended December 31, 20XX Next Operating Income (Loss) Contribution Margin I Cost of Goods Sold Fixed Costs Gross Profit Sales Revenue Variable Costs Operating Income (Loss) 1 your awes up to the heat ually to earn a profit of $5,75 ur reasoning. since Famous Pro Productions' contribution ma IS Statement 1, 20XX of shows needed annually to earn a profit of $5,750,000 is since Famous Productions ution margin incom Is this profit goal realistic? Give your reasoning. The profit goal of $5,750,000 is Requirement 4. Prepare Famou variable and fixed. Famous Product Contribution Margin Incor Year Ended December realistic unrealistic