Use the following information for questions 1-3 An accounting student runs a hotdog concession at his college's football gamet Afier te fin three games the following limited information is available to assess performance and make decisions about future operations Game 2 Gume 13 No. of Hotdogs Seld Total Cost Game 1 300 $ 1.100 51.686 12. Although sales have declined in the past couple of games, the mudent estimates that 280 hotdog can be sold at Game 4 if he adjusts the price that he charges his customers for each hotdog Calculate the following (show all work). a.) Total Variable Cost for Game #4 b.) Total Cost for Game 4 c) What is the "Contribution Margin for Game # 4 if the price that customers pay for a hotdog is $3.50 d.) Was the student's decision to set the price of hotdogs at $3.50 a good one! Why? #3 If the actual number of hotdogs the student sells at Game 4 drops below what was sold in Game 13, then Variable Costs per unit would (select one) - a) Increase b) Decrease c) Remain the same and Fired Costs per unit would select one) a) Increase b) Decrease c.) Remain the same