Name: The fixed cost of the banquet department of a hotel is $350 a day. A customer selected a menu for 100 persons that would have a food cost of $6.50 per person, a variable wage cost of $ costs of S1.25 per person. 2.75 per person, and other variable a. Calculate the total cost per person if this b anquet were booked. be the total selling price (sales revenue) and the price per operating income on sales revenue is wanted? person if a 20% c. Th this function. She is a good customer; s in the banquet roo e customer does not want to pay more than $13.75 per person for he has booked many functions m in the past and is expected to do so in the future. will be om now, and there is no likelihood vou will be able to book the room for any other function. Explain why you would, or would not, accept the S13.75 per-person price. (Note: Assume that the hotel has only one banquet room.)