Problem 6 Jim Jones, the owner of Jim's Place, wants to analyze labor costs in his restaurant operations and has asked you for assistance. The operating statistics for the previous year are as follows: Number of Customers Labor Costs January 4,000 $15,500 February 2,400 10,450 March 3,700 18,500 April 4,450 19,000 May 4,400 19,000 June 4,800 20,250 July 5,000 20,500 August 3,900 18,500 September 3,800 18,000 October 3,100 15,500 November 2,900 15,250 December 3,000 16,650 Required: 1. Using the high/low two-point method, determine the variable labor cost per customer. 2. What is the monthly fixed labor cost at Jim's Place? 3. What is your estimate of total labor costs if 3,900 customers are served during the month? (Base this on your analysis in parts 1 and 2 above.)