= Homework: Chapter 6 Homework Part 2 of 8 Points: 0.15 of 1 The Purelife Buffet offers an all-you-can-eat buffet meal for $29 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $203,2 restaurant serves meals up to 13,500 guests in that month. If the restaurant were to serve more than 13,500 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for a $23,000 per month. The variable cost of food is $12 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 13,500 guests per month? $ 203 200 12.00 x v= Requirement 2a. If the restaurant were to serve 12,700 guests in May, what would be the estimated total cost (Use the cost equation from Requirement 1.) If the restaurant were to serve 12,700 guests in May, the estimated total cost would be Requirements a. a. 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,500 guests per month? 2. If the restaurant were to serve 12,700 guests in May, what would be the: Estimated total cost? (Use the cost equation from Requirement 1.) b. Average cost per guest? 3. If the restaurant were to serve 11,100 guests in June, what would be the: 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 13,500 guests per month? 5. If the restaurant were to serve 14,400 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.) Print Done