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Celeb Productions performs London shows. The average show sells 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 production companies. The average show has a cast of 65, each earning a net average of $340 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 $728,000. 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. Net sales revenue per unit x Net sales revenue per unity = Sales revenue per show x 60 = 78000 1300 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 unit X Number of units = Variable costs per show 10400 8 x 1300 Cost of programs Cost of performers 340 65 22100 32500 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 Celeb Productions performs London shows. The average show sells 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 production companies. The average show has a cast of 65, each earning a net average of $340 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 $728.000 Read the requirements 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 Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $5,687,500. Is this profit goal realistic? Give your reasoning. Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn a profit of $5,687,500. (Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal places, XX.XX. Abbreviation used: CM = contribution margin.) = Required sales in dollars