Based on the following information, what is the total cost expense (excluding labor) in June? Assumptions: Cost expense does not include labor expense. Costs and labor hours are evenly distributed throughout their duration. Category Cost Hours Start End Venue and Facilities $5,000,000 2580 9/1/2023 11/30/2023 Event Production $380,000 2600 5/1/2023 11/30/2023 Marketing and Promotion $7,000 1450 2/1/2023 11/30/2023 Athlete and Talent Expenses $4,000 290 10/1/2023 11/30/2023 Logistics and Transportation $87,000 700 11/1/2023 11/30/2023 Technology and Equipment $15,000 700 10/1/2023 11/30/2023 Insurance and Legal $2,400 145 1/1/2023 12/31/2023 Hospitality $230,000 2040 4/1/2023 11/30/2023 Catering $83,000 280 8/1/2023 11/30/2023 Miscellaneous Expenses $79,000 165 7/1/2023 12/31/2023 Hourly Rate: $15/hr

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To calculate the total cost expense excluding labor in June we need to determine the portion of each ... View the full answer