please help!!!!!! chapter 4 pt.1

Queen Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 160 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 60, each earning a net average of $320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of 88 por guest. Annual fixed costs total $459.200 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 Sales revenue per show 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 vanable costs Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Queen Productions must perform each year to break even. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,264,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Queen Productions' contribution margin income statement for 160 shows performed in the year. Report only two categories of costs: variable and fixed. Print Done Queen Productions performs London shows. The average show selis 1,000 tickets at $60 per ticket There are 160 shows per year. No additional shows can be Requirement 2. Use the equation approach to compute the number of shows Queen 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 computo the required number of shows to break even The number of shows needed annually to break even is Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to eam a profit of $4,264,000. (Round contribution radio to two decimal places.) 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 ut 54.264,000. (Round the required sales in dollars to the nearest whole collar Round 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 cam a profit of $4.264,000 (Round your answer up to the nearest whole number) Queen Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 160 shows per year. No additional shows can be The number of shows needed annually to earn a profit of $4,264,000 is Is this profit goal realistic? Give your reasoning. The profit goal of $4,264,000 is since Queen Productions currently performs 160 shows a year. Requirement 4. Prepare Queen Productions contribution margin income statement for 160 shows performed in the year. Report only two categories of costs: variable and fixed Queen Productions Contribution Margin Income Statement Year Ended December 31, 20XX Operating Income (LOS)