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A student association has hired a musical group for a graduation party. The cost will be a fixed amount of $10,010. Required 1. Suppose 550
A student association has hired a musical group for a graduation party. The cost will be a fixed amount of
$10,010.
Required
| 1. | Suppose 550 people attend the party. What will be the total cost of the musical group? What will be the unit cost per person? |
| 2. | Suppose 7,700 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? |
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Auditing With The Computer
Authors: Wayne S. Boutell
1st Edition
0520363329, 978-0520363328
