Answer the following questions using the information below. Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet: OPTION one Crestview Country Cheb a. Fixed rental cost of $1,000 b. $12 per person for food OPTION two: Tallgrass Country Club a. Fixed rental cost of $3,000 b. A caterer who charges $800 per person for food Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $80 are expected to be $30 per person. Local business suppoy ters will donate any other items required for the event. Which option has the lowest breakeven point? Selected Answer: Option one Answers Option one Option two Both options have the same breakeven point. The lowest breakeven point cannot be determined. Response Feedback: Option one: 530X 512X - $1,000 - $1,800 - $800 - 0; X - $200 Option two: 530X - 58x - $3,000 - $1,800-5800 - 0; X = $255