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Tower Productions perfomitondon shows. The average show seis 1,600 tickets at $45 per ficht. There are 125 ahows per year. No additional shows can be hold as the theater is asso used by other prosoction companies. The average show has a cast ef 5a. each eaming a net meragn of 5260 per show. The cast is paid after each show. The other variable cost is a program-printing cost of 30 per goent Amual fland conts tocal 5923,440 Read the thaimmerty Requirement 1. Conpule wvenue and varatie costs for each show Sesct the tartia and erter the amounts to conpute sawi reverue for each show. thew Requevment 2. Uie the equation apsroach w contite twe number of whoss Toww Productort munt pertom each year io oreak even Hequirement 3. Use tine conneution margan ratio approach to compure the number of shows neeced each year to eaen a prost of $5, cou. proft goal realistic? Give your teatoning Degin by ahowing the formula and then enthring the amounts to calculate the required sales dollars to earn a prefit of 35,250,000, (Round the required aales in dollars to the nearnst whole dolac, Roound amounts in the formula to two decimal places, 0. Abbeevaton used CM= contributiog f (argin.) Now une the informasca given and the required taves in dollars computed in the prevous step to determine the required number of thowa needed ench yoar to earn a profit of 55,250,000. (Round your answert up to the nesinut whale nuerber) The nurriber of whows needed annualy to eain a proft of $5,250.000 is Is this proft goal tealstic? Give your masoning The prele goal of 35,250,000 is tince Tower Productions currenty performe 125 thow a year Requirement 4. Prepare Tower Productions contritution margin income statement for 125 shows performed in the year. Repert cnity fwo categories of costs variabie and fixed. Productions performs London shows. The average show sells 1,680 tickets at $48 per ticket. There are 125 shows per year. No additional sho oduction companies. The average show has a cast of 58 , each earning a net average of $280 per show. The cast is paid after each show. Th guest. Annual fixed costs total $923,440. 10 requirements. Requirements or $5,250,0u. (rouna 0. (Round the required 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 $5,250,000. (Round contribution ratio to two decimal places.) is this profit goal realistic? Give your reasoning. 4. Prepare Tower Productions' contribution margin income statement for 125 shows performed in the year. Report only two categories of costs: variable and fixed. bpofit goal realist proft goal of \$5,25 uirement 4. Prepa Tower F only two categories of cos other production oompanies. The average show has a cast of 58 . each 1,680 tickets at $48 per ticket. There are 125 shows per year. No addional shows can be held as the thesthr is also used by $6 per guest. Annual fixed costs total $923,440. Read the cequirements. 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 coats for each show. Compute the variable costs per show for esch coat soparasely, and then computa the total variable costs per show. Requirement 2. Use the equation approach to compute the number of shows Towet Productions must pertarm each year to break even. First, sedect the formula to compute the required sales in units to break even. Rearrange the formula you detemsined above and compute the required number of shows to break eren, The number of showe 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 proft of $5,260.c00. (Aound contibution ratio to two decimal places. Is thin profit goal realistic? Give your reasoning Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to eam a profit of $5,250.000 (Round contribution rato to two decimal placet) Is this profit goal realistio? Give your reasoning. Begin by showing the formula and then entering the amounts to calculate the requered sales dollars to earn a peoft of 55,250,000. (Round the required sales in dolars to the rewest whin tollar. Round amounts in the formula to two decimal places, . Abbreviation used: CM= contribution margin.) Now use the information given and the required sales in dollars computed in the previcus step to determine the tequired number of shows needed each yoar to nam a prott of s5.250,000. (Round your answer up to the nearest whole number.) The number of shows needed annually to earn a profit of $5.250,000 is Is this profit goal realistic? Give yout reataning. The profi goal of $5,250,000 is since Tower Productions currentily performs 125 shows a year. Requirement 4. Prepare Tower Productions' contribution margin income statement fot 125 shows performed in the yoar. Report only two categories of costs; variable and fuxod, Tower Productions performs London shows. The average show seits 1,690 ticknts at 348 per tickat. There are 125 shewn per year, No adstional whows can be fedd as the theaier ia also uses by $6 per guest. Annual fixed costs Intal \$923,440. Pisad the coouirements. Requirements Requirement 3, Use tht of 55,250,000. (Round corributien ratio to two decimai ploced ) is the Begin by ahowing the fo 1. Compute revenue and variable costs for each show 2. Use the equation approach to compute the number of ahews Tower Productions nwist perdorm each year to break even. 3. Use the contributen margin rato approach to compute the number of shows needed each year to eam a profit of 35,250,000. (Round contribusen ratio v two decimal places.) is this proft goal reailote? Cive your reasoning 4. Prepare Tower Productions' eeniribution margin income statement foe 125 thows performed in the yeat. Report only two calegories of conts variabie and fined The number of shiwa of Is this proht goal realist The prola goal of 55.25 Requirement 4, Prepa orit two eategories of coeisi varistin and froed