Queen Productions performs London shows. The average show sells 900 tickets at $65 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 55, each earning a net average of $330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $580,500, Read the requirements. 900 65 58500 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. Cost of programs Cost of performers Total variable costs Number of units * Variable costs per unit Variable costs per show 900 55 8100 330 18150 26250 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. Net sales revenue Variable costs Fixed costs 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 18 Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,128,000. 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 $4,128,000. (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.) CM ratio Required sales in dollars Nov of $ CM per unit The CM ratio Is Fixed costs The Rec fixed. Variable costs n and the required sales in dollars computed in the previous step to determine the required number of shows needed each year to earn a profit answer up to the nearest whole number.) d annually to earn a profit of $4,128,000 is live your reasoning since Queen Productions currently performs 160 shows a year. wen Productions's contribution margin income statement for 160 shows performed in 2018. Report only two categories of costs: variable and Queen Productions Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss)