w the steps below once you are done using ter on the WINDOWS icon (bottom left o

ID: 2517804 • Letter: W

Question

w the steps below once you are done using ter on the WINDOWS icon (bottom left of necthtm Saved Munoz Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert Required a. What are the total band cost and the cost per person if concert attendance is 9,000, 9,500, 10,000, 10.500, or 11,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below Required Required B attendance is 9,000, 9,500, 10,000, 10,500, or 11,0007 What are the total band cost and the cost per person i#E concert (Round "Cost per person" answers to 2 dedimal places.) Cest per tD DELL

Explanation / Answer

Answers

Number attending

9000

9500

10000

10500

11000

Total cost of concert

$ 55,000.00

C=B/A

Cost per person

$ 6.11

$ 5.79

$ 5.50

$ 5.24

$ 5.00

Since the cost of hiring the band remains at $55,000 regardless of the number attending, it is a FIXED COST.