The budgets of four companies yield the following information: Company Blue Red Green Yellow Net Sales Revenue $ (d) Variable Costs 47,250 168,000 Fixed Costs Operating Income (Loss) Units Sold Contribution Margin per Unit Contribution Margin Ratio $ 1,900,000 (a) (b) 298,500 190,000 $ 3.00 $ 1,500,000 1,050,000 159,000 (g) (h) $ () 256,200 (k) 97,800 (0 (e) 9,000 $ $ 75.00 $ 18.00 80% (i) 30% L Requirements 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent.) 2. Which company has the lowest breakeven point in sales dollars? 3. What causes the low breakeven point? P-M:4-62B Calculating breakeven sales and sales to earn a target profit; preparing a contribution margin income statement Famous Productions performs London shows. The average show sells 1,000 tickets at $60 per ticket. There are 175 shows a 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 net average of $320 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $8 per guest. Annual fixed costs total $459,200. Requirements 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' contribution margin income statement for 175 shows performed in the year. Report only two categories of costs: variable and fixed