Question: need help please Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows City

Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows City 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 $4,500,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare City Productions' contribution margin income statement for 145 shows performed in the year. Report only two categories of costs: variable and fixed. City Productions performs London shows. The avorage show solis 1,300 tickets at 550 per licket. There are 145 shown per yoar. No additional ahews can be held as the theater is aso used by other production companios. The averago show has a cast of 72 , each eaming a net average of 3300 par shew. The cast it paid afier each show. The other variable cost is a program-printing oost of $9 per guest. Annat fixod oosts total $570.600 Finad the Requirement 1. Compute revenue and variablo costs for each show Select the formula and enter the amounts to compute sales revenue for each show
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
