Question: 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually

1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to $4,828,300 Is this goal realistic? Give your reason. 4. Prepare Hairspray's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed.

1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $4,828,300 Is this goal realistic? Give your reason. 4. Prepare Hairspray's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed.

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