Question: Exercise 11-11 Fixed versus variable cost behavior LO 11-1, 11-2 Moore Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost

Exercise 11-11 Fixed versus variable cost behavior LO 11-1, 11-2

Moore Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $9 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $15 per shirt.

Required

a.	What are the total cost of shirts AND cost per shirt if sales amount to 2,000, 2,500, 3,000, 3,500, or 4,000?

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