T. boone pickens football stadium at oklahoma state university has a seating capacity of about 60,000. assume the stadium sells out all eight home games before the season begins and the athletic department collects $31 million in ticket sales.
1. what was the average price per season ticket and average price per individual game ticket sold?
2. record the advance collection of $29 million in ticket sales. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in dollars not millions. for example, 7,000,000 rather than 7 million.)

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)