lome Homework: Week Five : Chapter 6: Problems Save Score: 0 of 1 pt 2 of 4 (0 complete) HW Score: 0%, 0 of 4 pts ame: P21-50A (similar to) Next Question Question Help Der urrent scos Famous Productions performs London shows. The average show sells 900 tickets at $65 per ticket. There are 150 shows per year. No additional shows can be held as the theater is also used by other production companies. The average show has a cast of 65, each earning a netaverage of 330 per show. The cast is paid after each Attempts: show. The other variable cost is program-printing cost of 89 per guest Annual fixed costs total 5580,500 This homew Requirements 1. Compute revenue and variable costs for each show. Use the equation approach to compute the number of shows Famous Productions must perform each year to break even Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of 54.128,000. Is this profit goal realistic Give your reasoning 4. Prepare Famous Productions's contribution margin income statement for 150 shows performed in 2016. Report only two categories of costs: variable and fixed P21-49A 53A (similar to Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each show 2 To see what to Sales revenue per show OK This course ACC Choose from any est or enter any number in the input fields and then click Check Answer parts remaining Clear A Check