McDonald's Corporation provides fast-food services using operating costing. In April 2034, the company incurs the following operating costs:

• Restaurant Rent: $8 million
• Food and Beverage Costs: $12 million
• Employee Wages: $6 million
• Marketing Expenses: $4 million

Required:

• Classify each cost as fixed, variable, or semi-variable.
• Analyze the cost behavior of operating costs in fast-food service.
• Determine the cost per meal served assuming 5 million meals.
• Discuss strategies to manage variable costs in operating costing.