Problem8 The Boyton Motel's costs at two different sales levels are as follows Monthly Room Sales 2,000 3,000 Payroll $15,000 40,000 9,200 2,000 8,000 4,000 8,000 2,000 3,000 Salaries J Wages M Employee benefits Supplies $15,000 60,000 10,700 3,000 8,000 5,000 8,000 2,000 3,000 F Utilities Other operating costs Building rent Interest expense Insurance Required: 1. Identify each cost as fixed, variable, or mixed. 2. What are the total estimated monthly fixed costs? 3. What are the total estimated variable costs per room sold? 4. Develop a single equation to estimate total costs at various levels of activity 5. Project the total costs if 3,500 rooms are sold