Requirement 1
Requirement 2
Requirement 3
Requirement 4
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Celeb Productions perlorms London shows. The average show sells 1,200 tckets at 575 per ticket. There are 140 shows per year. No additonal shows can be held as the theater is also used by other production companles. The average show has a cast of 70 , each eaming a net average of $340 per show The cast is paid after each show. The other. varlable cost is a proqram-printing cost of $15 per quest Annual fored costs fotal $626.600 Requirement 1. Compute revenee and yariable costs for each show Select the formula ard enter the anounts to compute sales revenue for each show =Salesrevenuepershow.= Select the formula and ener the ameunts ta cempute variable costa for each show Compule the variable coots per show for each cost separalelf and then compute the fotal variable costs per show Requirement?. Use the equation approach to fonsute the aimbar of ahows Celob Productions must perlorm each year to bre ak awhi Firat, seloct the fornmla to compuce the roquired sales io units to break aven Celeb Productions performs London shows. The average show sells 1,200 tickets at 575 per ticket There are 140 shows per year. No addtional shows can be held as the theater is also used by other production companies. The averago show has a cast of 70 , each eaming a nel average of $340 per show The cast is paid after each show. The othet varlable cost is a program-printing cost of $15 per quest Annual fixed costs total $626,600 Requirement 2. Use the equation appronch to compute the number of shows Celeb Productions must perform each year to break even First, satect the formula to compite the required sales in units to break even. Rearrange the formula you determined above and compute the required number of shows to break even The number of shows needed annually lo break even is decinal places) is this profitgoal reallitic? Give your reasoning Begin by showing the formula and then entering the amounts to calculato the reguited sales dofars to eatn a profit of $5,000,000. Round the reguied zaies in dollarm to the Roguired nales in doilars Now use the information given and the roquired shafes in dollars conputed in the pravious step to determine the requered number of shows needed at th yeat to earm a proflt of Celeb Productions performs London shows. The average show sells 1.200 tickets at $75 per ticket There are 140 shows per year No additional shows can be held as the theate is also used by other production companies. The average show has a cast of 70 , each eaming a net average of 5340 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $15 per guest. Annual fixed costs total $626,600 Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to eam a profit of 55 . 000,000. (Round contrkution ratio to two decimal places ) is this profit goal reaststic? Give your reasoning Begin by showing the formula and then emering the amcunts to calculate the required sales dollars to earn a profi of 55,000,000, (Round the required sales in dollars to the nearest whole dollar. Round amounth in the formula to two decimal placos, XX. Abbreviation ubed: CM = contribution margin ) Now use the lnformation given and the required saies in dollars computhd in the previoub step lo determine the required number of ahowe needed aach year to earn a profit of $5,000,000 (Round your answer up to the nearest whole number) The number of shows needed annsaoy to eam a peat of 55,000,000 is Is this profit goal realistic? G.ve your coasoning The profi goal of $5,000,000 is since Coleb Productions currently performs 1 to shova a year Celeb Productions periorms London shows. The average show sells 1,200 tickets at $75 per ticket. There are 140 shows per yoar No additional shows can be held as the theater is also used by other production companies. The ayarage show has a cast of 70 , each eaming a net average of 5340 per show. The cast is paid atter each show . The other variable cost is a program-printing coct of $15 per guest. Annual fixed costs total $626,600. Is this profit goal realistic? Give your reasoning The profit goal of 55,000,000 is since Celeb Productions currently performs 140 shows a year. Requirement 4. Prepare Celeb Probuctions' conitribuson margin wicome statement for 140 shows perlomed in the year. Report only two catogories of costs: variable and foxed Colah Draduntionn marfarme I andan shows. The average show mpanies. The average show cost of $15 per guest. Annua Contribution Margin Cost of Goods Sold ur reasoning Fixed Costs since Celeb Produ Gross Profit oductions' contribution margir Sales Revenue Statement Variable Costs 1, 20XX Operating Income (Loss)
