P21-26A The budgets of four companies yield the following information: Target sales Variable costs Fixed costs Operating income (los) Units sold Contributicin margin per unit Contribution inargin ratio Company North East South West 5703,000 s ( 45600,000$ (10) (0) 150,000 280,000 156,000 (2) 120.000 138,000 $ 27.2005 sls HS 35.000 190,000 10,000 (8) (12) 1.48 (6) 100 12 13) 0.20 (19) 20 Fill in the blanks for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? (pp. 1058-1060, 1061) P21-27A British Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 120 shows a year. The average show has a cast of 60, each earning an average of $320 per show. The cast is paid after each show. The other variable cost is program-printing cost of $8 per guest. Annual fixed costs total $459,200. Requirements 1. Compute revenue and variable costs for each show. (pp. 1052, 1053) 2. Use the income statement equation approach to compute the num- ber of shows British Productions must perform each year to break even. (p. 1058) 3. Use the contribution margin 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 reason. (pp. 10581059) 4. Prepare British Productions' contribution margin income statement for 120 shows for 2007. Report only two categories of costs: vari- able and fixed. (pp. 1059, 1060) a