Magellan Inn's expenses for two different months at different volumes. January May Required: Covers 4,000 8,000 Identify each cost as fixed, variable, or mixed. USE COLUMN D ABOVE Cost of food sold $12,000 $24,000 What are the total estimated monthly fixed costs? Salaries 10,000 10,000 Wages 10,000 20,000 Enter your response in this area, show your work. Employee benefits 6,000 8,000 What are the total estimated variable costs per cover sold? Supplies 3,000 6,000 Utilities 2,000 3,000 Enter your response in this area, show your work. Rent 2,000 4,000 Develop a single equation to estimate total costs at various levels of activity. Other operating costs 4,000 5,000 Insurance 1,000 1,000 Enter your response in this area, show your work. Depreciation 1,200 1,200 Property taxes 1,500 1,500 Project the total costs if 6000 covers are sold using the equation you created above. Enter your response in this area, show your work