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cast is paid after each show. The other variable cost is a program$-$printing cost of $$10$ per guest. Annual fixed costs total $$334,950.$

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.

Requirements

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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 $$4,350,000($Round contribution ratio to two decimal places.$)$ Is this profit goal realistic? Give your reasoning

$\backslash$table$[[,,x,]=,$Variable costs per show$],[$Cost of programs,,$x,,],[$Cost of perfommers,,$x,]=,]]$

Prepare Famous Productions contribution margin income statement for $180$ shows performed in the year. Report only two categories of costs variable and fixed

Requirement $2$ Use the equation approach to compute the number of shows Famous Productions must perform each year to break even. First, select the formula to compute the required sales in units to break even.

$=$ Target profit

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

$($i$)$

The number of shovs needed annually to earn a profit of $$4,350,000$ is

Is this profit goal realisfic? Give your reasoning.

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