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Cost Behavior Analysis in a Restaurant High Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Monthly sales in units 5,000 8,000 10,000 Cost af foxis: $10,000 $16CIDO SUDADO Wages and fringe benefits 5,150 5.240 5.300 For de very help 1150 1240 7,200 Rent on building 1400 1400 1400 Depreciation on equipment 800 800 Utiles 300 Supplies (soas, floor wax, etc.) 250 340 400 Administrative costs 1,200 1200 1200 Total 520,650 327560 532 200 800 210 200 (a) Identify each cast as being variable, fixed, or mixed. Cost of food solo Wages and fringe benefits . Tees paid de very help . Hent i building Depreciation on equiment + Utirties Supplies (asoor wax, + Administrative COSES (b) Use the high-low method to develop a schedule identifying the amount of each cost that is fixed per month or variable per unit. Tutal the amounts under each category to develop an equation for tatal monthly costs. Round variable cost answers to two decimal places Fixed Costs Variable costs X X X Cost of food sold Wagus and fringe benefits Fees pald de very help Rent on building Depreciation cinquipment Utises Supplies (scar, locr wax etc Administrative cosi Total costs equation X X X X X s $ X ic Precict total costs for a monthly sales volume of 9,400 units. $