1. The Carrollton Buffet offers an all you-can-eat buffet meal for $30 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $143,000 per month when the restaurant serves meals up to 14,000 guests in that month. If the restaurant were to serve more than 14,000 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $22,000 per month. The variable cost of food is $15 per guest. Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 14,000 guests per month? y= Requirement 2a. if the restaurant were to serve 13,000 guests in May, what would be the estimated total cost (Use the cost equation from Requirement 1.) Requirement 2b. If the restaurant were to serve 13,000 guests in May, what would be the average cost per guest? (Use the cost equation from Requirement 1.) zverage cost per guest Requirement 3c. Why is there a difference in the two cost estimates? There is a difference in the two cost estimates because the average cost per guest as volume changes, due to the component of the buffet's cost. The fixed cost per unit as volume decreases, while the variable cost per unit the same. Requirement 5. If the restaurant were to serve 15,000 guests in July, what would be the estimated total cost (Use the cost equation from Requirement 4.)