show has a cast of 45 , each earning a net average of $310 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $13 per guest. Annual fixed costs total $487,500. Read the Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each 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. \begin{tabular}{l|l|l} & & = Variable costs per show \\ Cost of programs & & = \\ Cost of performers & & = \\ Total variable costs & & \end{tabular} Requirement 2. Use the equation approach to compute the number of shows Amazing Productions must perform each year to break even. First, select the formula to compute 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 to break even is places, XX.XX. Abbreviation used: CM = contribution margin.) )+)+=Requiredsalesindollars%= The number of shows needed annually to earn a profit of $5,750,000 is Is this profit goal realistic? Give your reasoning. The profit goal of $5,750,000 is since Amazing Productions currently performs 150 shows a year. Requirement 4. Prepare Amazing Productions' contribution margin income statement for 150 shows performed in the year. Report only two categories of costs: variable and fixed. Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Amazing 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 $5,750,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Amazing Productions' contribution margin income statement for 150 shows performed in the year. Report only two categories of costs: variable and fixed