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1. Of the fees listed in the schedule. which fees are variable with respect to the number of customers at the booth? Which fees are fixed? 2. What is the projected total fee that Galaxy Concessions will need to pay to The New Hampshire State Fair assuming it meets its expected sales level for each of the 14 days of the fair? 3. Assume that variable costs are 60% of sales revenue. (This 60% includes the h 16% concession fee charged by The New Hampshire State Fair.) How much in total sales revenue is needed for Galaxy Concessions to break even? 4. Calculate Galaxy Concessions' margin of safety both in dollars and percentage It has a food booth that requires 16 feet of front frontage and is 16 feet deep. Galaxy Concessions expects to have sales averaging $2.500 per day for each of the 14 days of the fair. It has a total of four employees who will work the fair throughout the entire 14-day period. Galaxy Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 14-day period are expected to total $11,183 - \$7 per linear foot for ground service fees (front footage x depth) - 16% of concessions (food sales) - \$55 per 14-day parking permit - $240 for 100-amp electrical service - \$55 per 14-day fair admittance pass (one is included with basic rental agreement) The New Hampshire State Fair is one of the largest state fairs in the United States. Click the icon for additional information about the far.) Assume the following schedule of fees for food vendors at the New Hampshice State Fair (Cick the icon to view the schedule of fees:) Galaxy Concessions is a vendor at the fair (Clck the icon to view addisional information about Galaxy Concessions.) the 14 days of the fair