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HELP! The Johnson Buffet offers an all-you-can-eat buffet meal for $26 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries,

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The Johnson Buffet offers an all-you-can-eat buffet meal for $26 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $134,200 per month when the restaurant serves meals up to 13,600 guests in that month. If the restaurant were to serve more than 13,600 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $20,000 per month. The variable cost of food is $13 per guest. Read the requirements. Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,600 guests per month? y=x+ Requirement 2a. If the restaurant were to serve 12,200 guests in May, what would be the estimated total cost (Use the cost equation from Requirement 1.) If the restaurant were to serve 12,200 guests in May, the estimated total cost would be Requirement 2b. If the restaurant were to serve 12,200 guests in May, what would be the average cost per guest? If the restaurant were to serve 12,200 guests in May, the average cost per guest would be Requirement 3a. If the restaurant were to serve 10,500 guests in June, what would be the estimated total cost using the cost equation from Requirement 1? If the restaurant were to serve 10,500 guests in June, the estimated total cost using the cost equation from Requirement 1 would be Requirements 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,600 guests per month? 2. If the restaurant were to serve 12,200 guests in May, what would be the: a. Estimated total cost? (Use the cost equation from Requirement 1.) b. Average cost per guest? 3. If the restaurant were to serve 10,500 guests in June, what would be the: a. Estimated total cost using the cost equation from Requirement 1 ? b. Estimated total cost using the average per guest cost from Requirement 2b ? c. Why is there a difference in the two cost estimates? 4. What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than 13,600 guests per month? 5. If the restaurant were to serve 14,300 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.) Requirement 3b. If the restaurant were to serve 10,500 guests in June, what would be the estimated total cost using the average per guest cost from Requirement 2b ? If the restaurant were to serve 10,500 guests in June, the estimated total cost using the average cost per guest from Requirement 2b would be 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 to the variable cost per unit Requirement 4. What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than 13,600 guests per month? y=x+ Requirement 5. If the restaurant were to serve 14,300 guests in July. what would be the estimated total cost? (Use the cost antiatinn frmm Danitiramant 11 average cost per guest as volume changes, due cost per unit s, while the changes s more than remains constant Requirement 3c. Why is there a difference in the two cost es There is a difference in the two cost estimates because the av to the variat Requil the buffet's costs. The fixed co 13,600 fixed component y=[ variable component Requiremerre o. w ute restaulam were to serve 14,300 guests anilistion from Ranuiramant 1 I cause the average cost per guest as volume chans The fixed cost per unit quation for estimating cos be served is more a difference in the two cost estimates because the average cost pet of the buffet's costs. The fixed cost per unit cost per unit Wement 4. Wha guests per mo x+decreases. irement 5. If the for estimating costs if inn frnm Donire Requirement 5 . If the restaurant were to serve 14,300 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.) If the restaurant were to serve 14,300 guests in July, the estimated total cost using the cost equation from Requirement 4 would be

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