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Question $6$

K

net average of $$340$ per show. The cast is paid after each show. The other variable cost is a program$-$printing cost of $$8$ per guest. Annual fixed costs total $$728,000$

Read the requirements.

Requirement $1.$ Compute revenue and variable costs for each show.

Select the formula and enter the amounts to compute sales revenue for each show.

$=$

Select the formula and enter the amounts to compute variable costs for each show. Compute the variable costs per show for each cost separately, and then compute the total variable costs per show.

Requirement $2.$ Use the equation approach to compute the number of shows England Productions must perform each year to break even

First, select the formula to compute the required sales in units to break even.

Rearrange the formula you determined above and compute the required number of shows to break even

The number of shows needed annually to break even is $CM=$ contribution margin.$)$

$=$ Required sales in dollars

$+$

The number of shows needed annually to earn a profit of $$5,687,500$ is

Is this profit goal realistic? Give your reasoningQuestion list

Question $1$

Question $2$

Question $3$

Question $4$

Question $5$

Question $6$

Question $6$

K

net average of $$340$ per show. The cast is paid after each show. The other variable cost is a program$-$printing cost of $$8$ per guest. Annual fixed costs total $$728,000$

Read the requirements.

Requirement $1.$ Compute revenue and variable costs for each show.

Select the formula and enter the amounts to compute sales revenue for each show.

$=$

Select the formula and enter the amounts to compute variable costs for each show. Compute the variable costs per show for each cost separately, and then compute the total variable costs per show.

Requirement $2.$ Use the equation approach to compute the number of shows England Productions must perform each year to break even

First, select the formula to compute the required sales in units to break even.

Rearrange the formula you determined above and compute the required number of shows to break even

The number of shows needed annually to break even is $CM=$ contribution margin.$)$

$=$ Required sales in dollars

$+$

The number of shows needed annually to earn a profit of $$5,687,500$ is

Is this profit goal realistic? Give your reasoning

Rearrange the formula you determined above and compute the required number of shows to break even.

The number of shows needed annually to break even is $CM=$ contribution margin.$)$ The number of shows needed annually to earn a profit of $$5,687,500$ is

Is this profit goal realistic? Give your reasoning

The profit goal of $$5,687,500$ is since England Productions currently performs $175$ shows a year.

Requirement $4.$ Prepare England Productions' contribution margin income statement for $175$ shows performed in the year. Report only two categories of costs: variable and fixed.

England Productions

Contribution Margin Income Statement

Year Ended December $31,20$XX

Operating Income $($Loss$)$

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