Hi, could someone guide me steps and give me explanation for QUESTION 2, please? I am dumb at Accounting :( Thank you very much!

QU ESTIDH 1: Foodie Restaurant offers an all-you-can-eat buffet meal. Collected below are the cost of food fer the buffet and the number of customers that ordered the buffet for last year. The restaurant manager, Tim, is interested to find out the relationship number of diners. Feb \" m '1 95,501} 4,350 n I_ 23m m _ man m [a] The cost of food is a mixed oost. Describe what a mixed cost is. Explain briey why you think the cost of food for the buffet is a mixed cost. [b] Using the high-low method, develop a monthly cost formula for the total cost of food for the buffet. Show all workings clearly. to] Calculate the expected cost of food if there are 6,5EIEI diners ordering buffet in a as LEE! I33! moron. QUESTION 2: Use the information from Question 1. Besides the all-you-can-eat buffet. Foodie Restaurant also offers set-meal on the menu. The 1variable cost of food for the set-meal is $18. Besides the cost of food, additional costs include: I 1ir"ariable costs of $5 per diner, regardless of whether they order the buffet or set meal. I Fixed costs of $128,544 per month Foodie Restaurant charges its diners $80 for the buffet and $35 for the set-meal. It is estimated that about B'fv'n of the diners will order the buffet and the remaining diners will order the set-meal. Required: [a] Calculate the operating income for the month if there are 8.0% diners. [b] What is the break-even point (number of diners) for the restaurant? [o] Tim noticed that the prot margin on the buffet is much higher; and thought if the price of the buffet was to reduce to $?5. more diners would choose to order buffet rather than set-meal. It is estimated that Q'ti: (instead of B'i'fn) would choose to order buffet if price is reduced to $?5. Re-caloulate the operating income for BJJDD diners. is it a good idea to have a price reduction for the buffet