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5 The matider af stown netuled arnas to track 6ven is 1s this pesfe gad sealisct Give you reasering Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous 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 $6,000,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Famous Productions' contribution margin income statement for 120 shows performed in the year. Report only two categories of costs: variable and fixed. 5 The matider af stown netuled arnas to track 6ven is 1s this pesfe gad sealisct Give you reasering Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous 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 $6,000,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. 4. Prepare Famous Productions' contribution margin income statement for 120 shows performed in the year. Report only two categories of costs: variable and fixed