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Edit View History Bookmarks People Tab Window .. . Take a Test - Ryan Simpson 8 68% mathxl.com/Student/PlayerTest.aspx?testld=213562545¢erwin=yes BUS 222 Managerial Accounting Spring 2020 8:30 EEEE Pe Ryan Simpson & | 03/08/20 2:42 PM C Test: Exam Appendix C, Chapters 21 & 22 Time Remaining: 05:45:25 Submit Test This Question: 1 pt 4 of 4 (0 complete) D This Test: 4 pts possible Acco Celeb Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 170 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 lenu show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $580,500. Read the requirements ments Rearrange the formula you determined above and compute the required number of shows to break even. nework The number of shows needed annually to break even is Quiz/Test Requirement 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. 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 dollar. Round amounts in the formula to two decimal places, XX.XX. Abbreviation used: CM = contribution margin.) = Required sales in dollars % = 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 earn a profit of $4, 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 Celeb Productions currently performs 170 shows a year. Reauirement 4. Prepare Celeb Productions's contribution marain income statement for 170 shows performed in 2018. Report only two cateaories of costs: variable Choose from any list or enter any number in the input fields and then continue to the next question. ? e tru Bib baptized into Christ were baptized into his death? We were there 8 4 20 888 DIL DD F2 F3 F4 F5 F6 S % &View History Bookmarks People Tab Window Help ... Take a Test - Ryan Simpson 68 mathxl.com/Student/PlayerTest.aspx?testld=213562545¢erwin=yes BUS 222 Managerial Accounting Spring 2020 8:30 Ryan Simpson & | 03/08/20 2:42 PM Test: Exam Appendix C, Chapters 21 & 22 Time Remaining: 05:45:29 Submit Tes This Question: 1 pt 4 of 4 (0 complete) This Test: 4 pts possi Celeb Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 170 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 1 x 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. Variable costs per show Cost of programs Cost of performers Total variable costs Requirement 2. Use the equation approach to compute the number of shows Celeb Productions must perform each year to break even. First, select the formula to compute the required sales in units to break even. Target profit Choose from any list or enter any number in the input fields and then continue to the next question. ? aptized into Christ were baptized into his death? We were there 8 DD A 888 F 10 F4 F6 F8 F5 F7 F3Edit View History Bookmarks People Tab Window Help .. . Take a Test - Ryan Simpson $ 68% mathxl.com/Student/PlayerTest.aspx?testld=213562545¢erwin=yes BUS 222 Managerial Accounting Spring 2020 8:30 Ryan Simpson & | 03/08/20 2:42 PM Pe Test: Exam Appendix C, Chapters 21 & 22 Time Remaining: 05:45:20 Submit Test This Question: 1 pt 4 of 4 (0 complete) This Test: 4 pts possible CCO Celeb Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 170 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 nu show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $580,500. Read the requirements ents PIUIL UI $4 , 120, UUU. (Round your answer up to the Tiedrest whole number. ) work The number of shows needed annually to earn a profit of $4, 128,000 is Is this profit goal realistic? Give your reasoning. liz/Tes The profit goal of $4, 128,000 is since Celeb Productions currently performs 170 shows a year. Requirement 4. Prepare Celeb Productions's contribution margin income statement for 170 shows performed in 2018. Report only two categories of costs: variable and fixed. Celeb 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 question. ? tru Bib baptized into Christ were baptized into his death? We were there 8 DII DD A 80 F8 F4 F5
