QUESTION 4 Luke is arranging for a party to be held at Cougar Grounds. The use of Cougar Grounds will be free but security costs of $300 will have to be met. The cost of the main band will be $2,500 and the supporting band will cost $450. Tickets will be priced at $15 each. On arrival, every ticket holder will be given a bottle of water, worth $2 per bottle. What are the total fixed costs for this event? $2 $17 $2,500 $3,250 QUESTION 5 ABC Hotel has reported the following, When 10,000 units are produced, the average cost is $23 per unit. When the activity is only 6,000 units, the average cost is $30 per unit. What are the total fixed and variable costs? Fixed = $105,000, Variable = $12.50 Fixed = $12.50, Variable = $105,000 Fixed $19.50, Variable = ($1.75) Fixed - $180,000, Variable - $7.00