Requirements - X 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous 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 $4,264,000. Is this profit goal realistic? Give your reasoning. 4. Prepare Famous Productions's contribution margin income statement for 175 shows performed in 2018. Report only two categories of costs: variable and fixed. Print Done Famous Productions performs London shows. The average show sols 1.000 tickets at $50 per ticket. There are 175 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 60, each earning a netaverage of 5320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of per quest Annual feed costs total $459200 Read the Requirement 1. Computerevenue and variable costs for each show Select the formula and enter the amounts to come sales revenue for each show. - Steuershow 1000 Select the formula and on the amounts to compute variable costs for each show. Compute the variable costs por show for each cost separately and then compute the total variable costs per show Food costs por un x Total food Variable costs pershow Cost of program 1000 8 Cost of performers Total variable costs 27200 Choose from any list or enter any number in the input fields and then continue to the next question First, select the formula to compute the required sales in units to break even Net sales revenue Variable costs Fixed costs Target profil 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 16 Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,204.000. 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 profit of $4,284,000. (Round the required sales in dollars to the nearest whole dotar. Round a the formula to two decimal places, XX XX. Abbreviation used CM contribution margin) >/ Required to in dolar > + Choose from any stor enter any number in the input fields and then continue to the next question The number of shows needed annually to earn a profit of $4,264,000 is Is this profit goal realistic? Give your reasoning The profit goal of $4,264,000 is since Famous Productions currently performs 175 shows a you Requirement 4. Prepare Famous Productions contribution margin income statement for 175 shows performed in 2018. Report only two categories of costs: variable and fixed Famous Productions Contribution Margin Income Statement Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next