Exercise 2-7A (Algo) Fixed versus variable cost behavior LO 2-1 Munoz Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $70,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 12,000,12,500,13,000,13,500,0 or 14,000 ? 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. What are the total band cost and the cost per person if concert attendance is 12,000,12,500,13,000,13,500, or 14,000 ? (Round "Cost per person" answers to 2 decimal places.) Exercise 2-7A (Algo) Fixed versus variable cost behavior LO 21 Munoz Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $70,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 12,000,12,500,13,000,13,500, or 14,000 ? 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. Is the cost of hiring the band a fixed or a variable cost