Exercise 2-7A (Algo) Fixed versus variable cost behavior LO 2-1 Campbell Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $60,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 13,000, 13,500, 14,000, 14,500, or 15,000? 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 13,000, 13,500, 14,000, 14,500, or 15,0007 Note: Round "Cost per person" answers to 2 decimal places. Number attending Total cost of concert Cost per person 13,000 13,500 14,000 14,500 15,000 Required A Required B> Campbell Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $60,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 13,000, 13,500, 14,000, 14,500, or 15,000? 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 Required A Require