Question: 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Celeb Productions must perform each

1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Celeb Productions must

1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Celeb 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 $4,750,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Celeb Productions' contribution margin income statement for 130 shows performed in the year. Report only two categories of costs: variable and fixed

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