Question Help City Productions performs London shows. The average show sells 900 tickets at $85 per ticket. There are 125 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 not 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 cos total $500.500 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 X = Variable costs per show Cost of programs Cost of performers Total variable costs Question Hole City Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 125 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 ne average of $330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of 89 per guest Annual fixed co total $580.500 Read the requirements Requirement 2. Use the equation approach to compute the number of shows City 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 Requirement 3. Use the contribution margin ratio approach to compute the number of shows eded each year to earn a prott of 54.128.000. 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 dolar. Round amounts in the formula to two decimal places, XX.XX. Abbreviation used CM contribution margin Required sales in dollars Choose from any list or enterar number in the input fields and then continue to the next Question Help Cly Productions performs London shows. The average show solis 900 tickets at $65 per ticket. There are 125 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 ne average of $330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of 59 par guest. Annual fixed costs total $580.500 Read the requirements the formula to two decimal places, XXXX Abbreviation Used CMcontribution margin) Required sales in dolars 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 eam a prolt of 54.128,000. (Round your answer up to the nearest whole number) The number of shows needed annually to earn a profit of $4.128.000 is Is this profit goal realistic? Give your reasoning The profit goal of $4,128,000 is since City Productions currently performs 125 shows a year Requirement 4. Prepare City PI stion mari income atment for 125 shows performed in 2016. Report only two categories of contraband Brod unrealistic Choose from any for enter nput ids and then continue to the next question Questo City Productions performs London shows. The average show solls 900 tickets at $65 per ticket. There we 125 shows per year No additional shows can be held as the theater is also used by other produch companies. The average show has a cast of 55, each earning a not average of 5330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of 99 per guest. Annual total $580.500 Read the requirements TYG120, BUY IT Ny primo VW a you. Requirement 4. Prepare Cry Production's contribution margin income statement for 125 shows performed in 2016. Report only two categories of costs: variable and fixed City Productions Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss) Choose from any list or enter any number in the input fields and then continue to the next
