A student association has hired a musical group for a graduation party. The cost will be a fixed amount of $5,800 Required 1. Suppose 250 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? 2. Suppose 3,500 people attend the party What will be the total cost of the musical group? What will be the unit cost per person? 3. For prediction of total costs, should the manager of the party use the unit cost in requirement 1 of the unit cost in requirement 2? What is the major lesson of this problem? bog icol Requirement 1. Suppose 250 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? (Round your answers to the nearest cont as needed) The total cost of the musical group is $ The unit cont per person is $ Requirement 2. Suppose 3,500 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? (Round your answers to the nearest cont as needed) The total cost of the musical group is $1 tou The unit cost per person is $ score A student association has hired a musical group for a graduation party. The cost will be a fixed amount of $5,600 Required 1. Suppose 250 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? 2. Suppose 3,500 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? For prediction of total costs, should the manager of the party use the unit cost in requirement for the unit cost in requirement 2? What is the major lesson of this problem? 3. Requirement 3. For prediction of total costs, should the manager of the party use the unit cost in requirement or the unit cost in requirement 2? What is the major lesson of this problom? For prediction of total costs, should the manager of the party use the unit cost in requirement for the unit cost in requirement 2? OA. The manager of the party could use both unit costs because both values are logitimate and can be uso at any time. OB. The manager of the party should we the unit cost from requirement because an overstimato of cost is better than an underonterado OC. The manager of the party should use the unit cost from requirement 2 bocauto each guest of the party does not have to pay as much and the musical group will still play OD. The manager of the party should not use either unit cost because the total costs are not affected by the attendance Id What is the major losion of this problem? ICO Abent asociation has hired a musical group for a graduation party. The cost will be a fixed amount of $5,600 Required 1. Suppose 250 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? 2. Suppose 3,500 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? 3. For prediction of total costs, should the manager of the party use the unit cost in requirement 1 or the unit cost in requirement 2? What is the major lesson of this problem? UD 1 dayur Urly DTIL USU USHUHUDUCUSU UVUUSIUTUSI TULIS OC. The manager of the party should use the unit cost from requirement 2 because each guest of the party does not have to pay as much and the musical group will still play OD. The manager of the party should not use other unit cost because the total costs are not affected by the attendance. What is the major lesson of this problem? O A. Changes in the number of cost driver units affect total variable costs but do not affect total fixed costs B. Changes in the number of cost driver units do not affect total variable costs but affect total fixed costs. OC Changes in the number of cost driver units affect total variable costs and total fixed costs OD. Changes in the number of cost driver units do not affect both total variable costs and total fixed costs
