a program$-$printing cost of $$15$ per guest. Annual fixed costs total $$626,600.$

Read the requirements.

Requirement $1.$ Compute revenue and variable costs for each show. Start by computing the revenue for each show.

Sales revenue per show $=$

Requirements

Compute revenue and variable costs for each show.

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 $$5,000,000.($Round the contribution ratio to two decimal places.$)$ Is this profit goal realistic? Give your reasoning.

$4.$ Prepare Celeb Productions' contribution margin income statement for $140$ shows performed in the year. Report only two categories of costs: variable and fixed.

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