The Accounting Students Association wants to have a Christmas party for its members. The cost of renting

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The Accounting Students Association wants to have a Christmas party for its members. The cost of renting space is $1,500, and the cost of refreshments will be $12 per person.

Required

1. What is the total cost if 100 people attend? What is the average cost?

2. What is the total cost if 200 people attend? What is the average cost?

3. Explain why average total cost differs with changes in total attendance.

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Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

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Question Posted: Apr 18, 2013 03:45 AM

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The Accounting Students Association wants to have a Christmas party for its members. The cost of renting

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1 Total Cost 1500 fixed cost of space 1200 variable cost of re...View the full answer

Cost management a strategic approach

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