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. 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. Cost of programs Cost of performers Total variable costs Requirement 2. Use the equation First, select the formula to compu Requirements Variable costs per show Rearrange the formula you determ The number of shows needed ann Requirement 3. Use the contribut Give your reasoning. Begin by showing the formula and the nearest whole dollar. Round an 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. 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. 4. Prepare Queen Productions's contribution margin income statement for 160 shows performed in 2018. Report only two categories of costs: variable and fixed. Print Done 000. Is this profit goal realistic? the required sales in dollars to Now use the information given and of $4,128,000. (Round your answ The number of shows needed annually to eam a profit of $4,128,000 is Is this profit goal realistic? Give your reasoning. The profit goal of $4,128,000 is since Queen Productions currently performs 160 shows a year. needed each year to earn a profit Requirement 4. Prepare Queen Productions's contribution margin income statement for 160 shows performed in 2018. Report only two categories of costs: variable and fixed. Queen Productions Contribution Margin Income Statement Year Ended December 31, 2018