Exercise $11-10$A $($Algo$)$ Fixed versus variable cost behavior LO $11-1,11-2$

Jordan Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $$85,000$ per concert.

Required

a$.$ What are the total band cost and the cost per person if concert attendance is $5,000,5,500,6,000,6,500,$ or $7,000?$

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 A

Required B

What are the total band cost and the cost per person if concert attendance is $5,000,5,500,6,000,6,500,$ or $7,000?$

Note: Round "Cost per person" answers to $2$ decimal places.

$\backslash$table$[[$Number attending,$5,000,5,500,6,000,6,500,7,000],[$Total cost of concert,,,,,$],[$Cost per person,,,,,$]]$

Exercise $11-10$A $($Algo$)$ Fixed versus variable cost behavior LO $11-1,11-2$

Jordan Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $$85,000$ per concert.

Required

a$.$ What are the total band cost and the cost per person if concert attendance is $5,000,5,500,6,000,6,500,$ or $7,000?$

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 $A$

Required B

Is the cost of hiring the band a fixed or a variable cost?

Since the cost of hiring a band remains at

regardless of the number attending, it is a

Exercise $11-10$ A $($Algo$)$ Fixed versus variable cost behavior LO $11-1,11-2$

Jordan Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $$85,000$ per concert.

Required

a$.$ What are the total band cost and the cost per person if concert attendance is $5,000,5,500,6,000,6,500,$ or $7,000?$

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 B

Is the cost of hiring the band a fixed or a variable cost?

Since the cost of hiring a band remains at

regardless of the number attending, it is a

Exercise $11-10$ A $($Algo$)$ Fixed versus variable cost behavior LO $11-1,11-2$

Jordan Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $$85,000$ per concert.

Required

a$.$ What are the total band cost and the cost per person if concert attendance is $5,000,5,500,6,000,6,500,$ or $7,000?$

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 A

Required B

What are the total band cost and the cost per person if concert attendance is $5,000,5,500,6,000,6,500,$ or $7,000?$

Note: Round "Cost per person" answers to $2$ decimal places.

$\backslash$table$[[$Number attending,$5,000,5,500,6,000,6,500,7,000],[$Total cost of concert,,,,,$],[$Cost per person,,,,,$]]$