P7-68A (similar to) Question Help A traveling production of Fiddler on the Roof perfoms each year. The average show sells 1,300 tickets at $60 a ticket. There are 120 shows each year. The show has a cast of 50, each earning an average of $350 per show. The cast is paid only after each show. The other variable expense is program printing costs of $9 per guest. Hoi Annual fixed expenses total $1,854 400 Read the requirements a Requirement 1. Compute revenue and variable expenses for each show. The revenue for each show is Enter any number in the edit fields and then click Check Answer parts 7 remaining Clear All Check Answer a Requirements 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $5,172,800 Is this goal realistic? Give your reason. 4. Prepare Fiddler on the Roof's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed. Print Done