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 S9 each. Any excess shirts cn 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? Number of Shirts Sold Total cost of shirts Cost per shirt 2,000 2.500 | 3,000 3,500 4,000 b. Is the cost of T-shirts a fixed or a variable cost? Fixed cost Variable cost