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answer please Peter Bright is a well-known professional Management Accounting for Business Decisions speaker. The Essex Business Bureau wants Bright to be the sole speaker
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Peter Bright is a well-known professional Management Accounting for Business Decisions speaker. The Essex Business Bureau wants Bright to be the sole speaker at an all-day seminar. Bright's agent offers Essex the choice of three possible fee arrangements: Schedule 1:8000 fee Schedule 2: 20 per person +2000 fixed fee Schedule 3: 50 per person Each attendee will be charged a 200 fee for the all-day seminar. Required 1. What is Essex's fixed cost and variable cost for hiring Bright under each alternative schedule? 2. For each schedule, calculate the total cost and unit cost per seminar attendee if (a) 50 attend, (b) 200 attend, and (c) 500 attend. Comment on the resultsStep by Step Solution
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