1. Compute revenue and variable costs for each show. 2. Use the equation approach to...
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Accounting
1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Green 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 Green Productions' contribution margin income statement for 145 shows performed in the year. Report only two categories of costs: variable and fixed. Green Productons performs London shows. The averge show solis 1,300 tickets at $50 per ficket. There are 145 shows per year. No adtitional shows can be heid as the theater is also used by cether guest: Arnual foed costs total $570,600. Road the Requirement 2. Use the equation approach to compile the number of shows Greon Productions anst pedorm esch yoar to break even Fins, seloct the formula to compule the required siles in units to brook evon
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