2 Estimate the fixed costs per month. What is the estimated total electric expense at 62 percent occupancy? Why does this differ from the $6,200 shown above for January? and has asked you for assistance. The operating statistics for the previous year are as follows: limfones, the owner of Jim's Place, wants to analyze labor costs in his restaurant operations ent of occupancy. 1. Determine Problem 6 January February March April May June July August September October November December Number of Customers 4,000 2,400 3,700 4,450 4,400 4,800 5,000 3,900 3,800 3,100 2,900 3,000 Labor Costs $15,500 10,450 18,500 19,000 19,000 20,250 20,500 18,500 18,000 15,500 15,250 16,650 Required: 1. Using the high/low two-point method, determine the variable labor cost per customer. Doug Litwiller is interested in renting space from D&T Associates for a food servir 330 Chapter 6 2. What is the monthly fixed labor cost at Jim's Place? 3. What is your estimate of total labor costs if 3,900 customers are served during the month? (Base this on your analysis in parts 1 and 2 above.) Problem 7 usiner DET