A | |||||
Number attending | 10000 | 10500 | 11000 | 11500 | 12000 |
Total cost of concert | 75000 | 75000 | 75000 | 75000 | 75000 |
Cost per person | 7.50 | 7.14 | 6.82 | 6.52 | 6.25 |
B |
Since the cost of hiring a band remains at $75,000 regardless of the number attending. It is a fixed cost. |
Check my work Rooney Entertainment sponsors rock concerts. The company is considering a contract to hire...
Jordan Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $80,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 11,000, 11,500, 12,000, 12,500, or 13,000? 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...
Rooney Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $90,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 15,000, 15,500, 16,000, 16,500, or 17,000? 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...
Baird Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $75,000 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...
Exercise 2-7A 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 $100,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 3,000, 3,500, 4,000,4,500, or 5,000? 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...
Exercise 2-7A 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 $90,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 1,000, 1,500, 2,000, 2,500, or 3,000? 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...
Exercise 11-10 Fixed versus variable cost behavior LO 11-1, 11-2 Baird Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 8,000, 8,500, 9,000, 9,500, or 10,000? 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....
Exercise 11-10 Fixed versus variable cost behavior LO 11-1, 11-2 Baird Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 3,000, 3,500, 4,000, 4,500, or 5,000? 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....
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Stuart Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $65,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 6,000, 6,500, 7000, 7,500, or 8,000? 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...
Rooney Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $14 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $20 per shirt. Required a. What are the total cost of shirts and cost per shirt if sales amount to 10,000, 10,500, 11,000, 11,500, or 12,000? Number of shirts sold 10,000 10,500 11,000 11,500 12,000 Total cost of shirts Cost per shirt
Rooney Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $14 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $20 per shirt. Required a. What are the total cost of shirts and cost per shirt if sales amount to 10,000, 10,500, 11,000, 11,500, or 12,000? 10,000 10,500 11,000 11,500 12,000 Number of shirts sold Total cost of shirts Cost per shirt