Please Solve In 20mins - XRequirements1. Compute revenue and variable costs for each show.2. Use the equation approach to compute the number of showsQueen Productions must perform each year to break even.3. Use the contribution margin ratio approach to compute the number of showsneeded each year to earn a profit of $4,128,000. (Round contribution ratio totwo decimal places.) Is this profit goal realistic? Give your reasoning.4. Prepare Queen Productions' contribution margin income statement for 140shows performed in the year. Report only two categories of costs: variableand fixed.PrintDone Queen Productions pertorms London shows. The average ehow selis 900 schets at SE6 per ticket, There an 140 shows per year No asdsonal shows can be teid as the theater is o used by sther prodution oomosries. The aversge shhasa cst of S5, ach naning a ret verage of S330 per show. The cast is paid ofter each show. The oter variatle cost in programrieting cost of 9 per guest Arnul fined costs tota Ss80,500Read the atemertsRequirement . Compute revenue and vartable coeta for each showSeiect the formite and enter the amounts to copute sales reveue for each show,Bales revenue per how

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Compute revenue and variable costs for each show. Use the equation approach to compute the number of s Queen Productions must perform each year to break ev Use the contribution margin ratio approach to compute needed each year to earn a profit of $4,128,000. (Roun two decimal places.) Is this profit goal realistic? Give ya Prepare Queen Productions' contribution margin incom shows performed in the year. Report only two categorie- and fixed

Compute revenue and variable costs for each show. Use the equation approach to compute the number of s Queen Productions must perform each year to break ev Use the contribution margin ratio approach to compute needed each year to earn a profit of $4,128,000. (Roun two decimal places.) Is this profit goal realistic? Give ya Prepare Queen Productions' contribution margin incom shows performed in the year. Report only two categorie- and fixed

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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