If Chavez charges her usual price of $31 per guest for the 180-guest cocktail party, how

much contribution margin will she earn by serving this event? Use the least-squares result

above. Show some simple calculations.

D $15 $5 $6.99 $26.99 Overhead Expenses A A B C 1 Food and Beverages 2 Labor (0.5 hrs @ $10/hr) 3 Overhead (0.5 hrs @ $13.98/hr) 4 Total cost per guest 5 6 Month Labor Hours 7 8 January 2500 9 February 2800 10 March 3000 11 April 4200 12 May 4500 13 June 5500 14 July 6500 15 August 7500 16 September 7000 17 October 4500 18 November 3100 19 December 6500 20 21 Total 57600 $ 55,000.00 $ 59,000.00 $ 60,000.00 $ 64,000.00 $ 67,000.00 $ 71,000.00 $ 74,000.00 $ 77,000.00 $ 75,000.00 $ 68,000.00 $ 62,000.00 $ 73,000.00 $ 805,000.00