X Requirements costs pe 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows British 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. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare British Productions' contribution margin income statement for 160 shows performed in the year. Report only two categories of costs: variable and fixed. Print Done British Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 160 shows pe each show. The other variable cost is a program-printing cost of $9 per guest. Annual fixed costs total $580,500 Read the requirements. There are 160 shows per year. No additional shows can be held as the theater is also used by other production companies. The tal $580,500 o is also used by other production companies. The werage show has a cast of 55, each earning a net average of $330 per show. The cast is paid after 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 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 compu = Variable costs per show Cost of programs Cout of performers Total hablo costs Requirement 2. Use the equation approach to compute the number of shows British Productions must perform each year to break even First, select the formula to compute the required sales in units to break even Target profit Rearrange the formula you determined above and compute the required number of shown to break even The number of shows needed annually to break Requirements. Use the contribution margin ratio approach to compute the number of shows needed each year to eam a profit of $4.128 000 Round contribution rati Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn a profit of 54.128,000 (Round the required sales in dolara Required swes in dollar Now use the informationen and the required sales in dollars computed in the previous step to determine the requited number of shows needed bach your to com a pre The thesis tomt 54.128.000 15