Exercise 2-7A (Algo) Fixed versus variable cost behavior LO 2-1 Solomon 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 i concert attendance is 10,000, 10,500, 11.000, 11500, or 12.000? 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 10,000, 10,500, 11,000, 11,500, or 12,000? (Round "Cost per person" answers to 2 decimal places.) 10,000 10,500 11.000 11,500 12,000 Number attending Total cost of concert Cost per person Exercise 2-7A (Algo) Fixed versus variable cost behavior LO 2-1 Solomon Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $60,000 per concert Required o. What are the total band cost and the cost per person if concert attendance is 10,000, 10,500, 11,000, 11.500, or 12.000 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