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q 1 2 3 4 Pet Place is in the dog grooming business. Its budgeted monthly operating costs are described by these cost formulas: Grooming

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1 2 3 4 Pet Place is in the dog grooming business. Its budgeted monthly operating costs are described by these cost formulas: Grooming supplies y=$0+$3x Direct labour y=$0+$15x Rent y=$2,000+$ox Utilities y=$1,000+$1x Pat, the owner determined that dogs (x) is the cost driver for all categories. 5 6 7 8 9 10 11 Instructions: a) In the blue drop down box, classify each cost (4 marks) b) What is the total cost function for Pet Place? (1 mark) c) If Pet Place grooms 500 dogs and Pat wants a 60% profit on total cost, what price should they charge per dog? (3 marks) 12 13

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