Tower productions perform London shows. The average show sells 900 tickets at $65 per ticket. There are 160 shows per year. No additional shows can be held as the heat theater is also used by other production companies. The average show has a cost 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 nine dollars per guest. Annual fixed cost total of $580500.

ower Productions performs London shows. The average show sels 900 tickets at $65 per ticket. There are 160 shows per year No additional shows can be held as the theater is also used by other roduction companies. The average show has a cast of 55 each earning and average of $330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $9 per quest. Annual fixed costs total $580,500 Read the requirements Requirement 1. Compute revenue and variable costs for each show. Select the formule and enter the amounts to computa sales revenue for each show. - Sales revenue per show Select the formule and enter the amounts to compute viable costs for each show. Compute the variable costs per show for each cout party, and then compute the total variable costa per show. Variable couts per show Cost of programa Cost of performers Total variable costs Requirement 2. Use the equation approach to compute the number of shows Tower Productions must perform each year to break even First, select the formula to compute the required sales in units to break even Target proft Rearrange the formula you determined above and compute the required number of shows to break even The number of shows needed annualy to break even is Requirements. Use the contribution margin rate approach to compute the number of shows needed each year to eam a profit of 54,128,000. Is this proft goal realiste? Give your reasoning Regin by showing the formula and then entering the amounts to calculate the required sales dollars to eam a profit of 54, 128,000. (Round the required sales in dolars to the nearest whole dollar, Round Amounts in the formula to two decimal places, XX.XX. Abbreviation used: CM Contribution margin) 1. - Required sales in dollars 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Tower 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 $4,128,000. Is this profit goal realistic? Give your reasoning. 4. Prepare Tower Productions's contribution margin income statement for 160 shows performed in 2018. Report only two categories of costs: variable and fixed. The number of shows needed annually to break even is Requirement 3. Use the contribution margin ratio approach to compute the number of shows needed each year to eam a profit of 54,128,000. In this profit goal realistic? Give your reasoning Begin by showing the formula and then entering the amounts to calculate the required salen dolars to eam aprofit of 54,128,000. (Round the required sales in dolar to the nearest whole dollar Round amounts in the formula to two decimal places, Xxx Abbreviation used. CM contribution margin.) Required sales in dollars Now use the information given and the required sales in dollara computed in the previous step to determine the required number of show needed each year to cam a profit of $4,128,000. (Round you answer up to the nearest whole number) The number of shown needed annually to earn a profit of 54,128,000 Is this profit goal realistie? Give ve your reasoning The profit goal of 54,128,000 in since Tower Productions currently performa 160 shows a year. Requirement 4. Prepare Tower Production's contribution margin income statement for 160 show performed in 2018. Report only two categories of costs: variable and fixed. Tower Productions Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss) Contribution margin per unit Fixed costs Net sales revenue per unit Number of units sold Operating income Total variable cost Variable costs per unit CM per unit CM ratio Sales price Target profit Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit Sales Revenue Variable Costs