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Codes plus and how the age price These areas who has eaching propeshow The who your own the the wheed by the produtos compare the catapulted 5724,000 Requirement. Computer and able toho Number of its Catest | 9 E R D G K N SPD power. go. SCAN Celeb Productions performs London shows. The average show selfs 1,300 tickets at $60 per ticket. There are 145 shows per year No additional shows can be held as the theater is also used by other product average show has a cast of 65, each earning a net average of 5340 per show The cast is paid after each show. The other variable cost is a program printing cost of $8 per guest. Annual fixed costs total 5728 Read the requirements 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 Variable costs per show Cost of programs Cost of performers Total variable costs Requirement 2. Use the equation approach to compute the number of shows Celeb 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 16 Choose from any list or enter any number in the input fields and then continue to the next question ER Type here to search (hp Celeb Productions performs London shows. The average show els 1.300 likes of 60 perset There are 145 shows per year. No additional shows can be held as the theater is abowed by other production companies. The average show has a cast of 65, each earning a netaverage of 5340 per show. The cast is paid after each show. The other variable costs a program printing cost of $8 per gest Annual fixed costs total 5728.000 Read the requirements The number of shows needed annually to break even is 16 Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to cam a profit of $6.687.500. Is this profit goal ist? Give your reasoning Begh by showing the formula and then entering the amounts to calculate the required sales dollars to com a profit of $5.687,50 (Pound the required sales in dollars to the nearest whole dollar Hound amounts in the formula to two decimal places, XX.XX 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 com a profit of 5.687.500 (Round your answer up to the nearest whole number The number of shows needed annually to cam a profit of $5,687.500 Is this profit goal realistic Give your reasoning The profit goal of $5,687,500 is realistic since Celeb Productions currently performs 145 shows a year Choose from any list or enter any number in the input felds and then continue to the next question ES Type here to search 44 2070 8:26 AM 6 8 Celeb Productions performs London shows. The average show ses 1.300 sckets at $60 per Sicket There are 165 shows per year. No additional shows can be held as the theater is also used by the average show has a cast of 65, each earning a netaverage of 5340 per show. The cast is paid after each show. The other variable cost is a program-printing cost of S8 per guest Annual feed costs Read the requirements Is this profit goal realistic? Give your reasoning The profit goal of $5,687,500 is realistic since Celeb Productions currently performs 145 shows a year Requirement 4. Prepare Celeb Productions's contribution margin income statement for 145 shows performed in 2018 Report Dady two categories of costs: variable and feed. Celeb Productions Contribution Margin Income Statement Year Ended December 31, 2018 Sales Revenue 11310000 Variable Costs 4712500 Contribution Margin 6597500 Fored Costs 728000 Operating Income (Loss) 5869500 Choose from any list or enter any number in the input fields and then continue to the next question EF Type here to search 5 6 7 8