{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T00:12:59-04:00", "answer_date": "2024-05-27 00:12:59", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1768109", "url": "\/study-help\/questions\/homework-acc260-topic-2-assignment-question-7-p2155a-similar-1768109", "question_creation_date_js": "2024-05-27T00:12:59-04:00", "question_creation_date": "May 27, 2024 12:12 AM", "meta_title": "[Solved] = Homework: ACC-260 Topic 2 Assignment Qu | SolutionInn", "meta_description": "Answer of - = Homework: ACC-260 Topic 2 Assignment Question 7, P21-55A (similar to) Part 1 of 9 HW Score: 10%, 10 of 100 points Po | SolutionInn", "meta_keywords": "homework,acc-260,topic,2,assignment,question,7,p21-55a,similar,part,1,9", "question_title_h1": " = Homework: ACC-260 Topic 2 Assignment Question 7, P21-55A (similar to) Part 1 of 9 HW Score: 10%, 10 of 100 points Points: 0", "question_title": " = Homework: ACC-260 Topic 2 Assignment Question 7, P21-55A (similar to)", "question_title_for_js_snippet": " Homework ACC 260 Topic 2 Assignment Question 7, P21 55A (similar to) Part 1 of 9 HW Score 10 , 10 of 100 points Points 0 of 20 Save British Productions performs London shows The average show sells 900 tickets at $65 per ticket There are 160 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 55, each earning a net average of $330 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 $580,500 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 Requirements 1 Compute revenue and variable costs for each show 2 Use the equation approach to compute the number of shows British 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 $4,128,000 Is this profit goal realistic Give your reasoning 4 Prepare British Productions's contribution margin income statement for 160 shows performed in 2018 Report only two categories of costs variable and fixed Print Done", "question_description": "\"image", "transcribed_text": "= Homework: ACC-260 Topic 2 Assignment Question 7, P21-55A (similar to) Part 1 of 9 HW Score: 10%, 10 of 100 points Points: 0 of 20 Save British Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 160 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 55, each earning a net average of $330 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 $580,500. 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 Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows British 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 $4,128,000. Is this profit goal realistic? Give your reasoning. 4. Prepare British Productions's contribution margin income statement for 160 shows performed in 2018. Report only two categories of costs: variable and fixed. Print Done", "related_book": { "title": "Intermediate Accounting", "isbn": "978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163", "edition": "6th edition", "authors": "J. David Spiceland, James Sepe, Mark Nelson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/254.jpg", "uri": "\/textbooks\/intermediate-accounting-6th-edition-254", "see_more_uri": "" }, "free_related_book": { "isbn": "0966103254", "uri": "\/textbooks\/poor-richards-e-mail-publishing-creating-newsletters-bulletins-discussion-groups-and-other-powerful-communication-tools-1st-edition-978-0966103250-140129", "name": "Poor Richards E Mail Publishing Creating Newsletters Bulletins Discussion Groups And Other Powerful Communication Tools", "edition": "1st Edition" }, "question_posted": "2024-05-27 00:12:59", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/the-regina-company-inc-balance-sheet-in-thousands-assets-cash-663410", "description": "The Regina Company, Inc. 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