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i Requirements - X 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 $1,373,400 Is this goal realistic? Give your reason. 4. Prepare The Lion King's contribution margin income statement for 100 shows each year. Report only two categories of expenses: variable and fixed. Print Done 1 of 4 (2 complete) traveling production of The Lion King performs each year. The average show els 1.000 tickets at $40 a ticket. There are 100 shows each year. The show has a cont of 70, wachting an average of $300 pe mual fuced expenses total $163,500 ead the regum Bequirement 1. Compute revenue and variable expenses for each show The revenue for each show is The Vannble expenses for each show are Requirement 2. Use the income statement equation approach to compute the number of shows needed annually to break even Begin by determining the basic income statement equation Operating income Using the basic income statement equation you determined above, solve for the number of show to breskeven D Repe 1 Computer The number of shows needed annually to break even is Requirement 3. Use the shortcut unit contribution marginagroach to compute the number of shows needed annually to com a profit of $1,373,400 is the goal relatie? Give your own Begin by selecting the formula - Target of shows Using the eastion you determined above, solve for the target number of shows 1 Uhe these shows need Give your 4 Propos De The number of shows noded way to com a profit of $1.373,400 is The progo of $1,373.400 is since The Lion King currently performs 100 shows a year Requirement 4. Prepare The Lion King's contribution margin income statement for 100 show each your Report only two categories of expenses variable and boxed The Lion King Contribution Margin Income Statement Year Ended December 31 Choose from around any number in the mouties and then continue to the questo This Quilt: 15 pa posle re 100 shows each year. The show has a cast of 70, each earning an average of $330 per show. The cast is paid only her each show The other variable express program priting costs per ak even Requirements ncome 1. Computereve vant expenses for each show 2. Use the income talent equation approach to competenumber shows needed annually to break even 3. Use the shortcut un corbution man approach to compute the number of shows needed way to earn a prol of $1,373.600 Is this ger Give your reason 4. Prepare The Lion King's condition margin income and for 100 show each year Report only two categories of expenses and to earn a profit of $1 373.400 Is this goal realistic Give your reason of shows Dane y two categories of expenses variable and faxed traveling production of The Lion King performs each year. The average show sells 1,000 tickets at $40 a ticket. T mual fixed expenses total $163,500 lead the requirements Requirement 2. Use the income statement equation approach to compute the number of shows needed annually to be Begin by determining the basic income statement equation = Operating Using the basic income statement equation you determined above, solve for the number of shows to breakeven The number of shows needed annually to break even is Requirement 3. Use the shortcut unt contribution margin approach to compute the number of shows needed annually to Begin by selecting the formula = Target #or Using the equation you determined above, solve for the target number of shows. The number of shows needed annually to earn a profit of $1,373 400 is The profit goal of $1,373.400 is since The Lion King currently performs 100 shows a year Requirement 4. Prepare The Lion King's contribution margin income statement for 100 shows each year Report only two cate The Lion King Contribution Margin Income Statement Your Ended December 31 Choose from any fest of any number the wput fields and then continue to the next question FULL HD 1080
