Question: Problem 2-24A (Algo) Selecting the appropriate time period for cost averaging LO 2-5 Campbell Cinemas is considering a contract to rent a movie for

Problem 2-24A (Algo) Selecting the appropriate time period for cost averaging LO 2-5 Campbell Cinemas is considering a contract to rent a movie for

Problem 2-24A (Algo) Selecting the appropriate time period for cost averaging LO 2-5 Campbell Cinemas is considering a contract to rent a movie for $2,500 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows: Monday 470 Tuesday 350 Wednesday 170 Thursday 560 Friday 988 Saturday 980 Sunday 470 Required a. Determine the average cost per person of the movie rental contract separately for each day. b. Suppose that Campbell chooses to price movie tickets at cost as computed in Requirement a plus $2.40. What price would it charge per ticket on each day of the week? c. Use weekly averaging to determine a reasonable price to charge for movie tickets. Complete this question by entering your answers in the tabs below. Req A Req B and C Determine the average cost per person of the movie rental contract separately for each day. (Round your answers to 2 decimal places.) Day Average cost per person Monday Tuesday Wednesday Thursday BA Friday Req B and C > Saturday Sunday

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