Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,000 guests per month? y= Requirement 2a. If the restaurant were to serve 12,600 guests in May, what would be the estimated total cost (Use the cost equation from Requirement 1) If the restaurant were to serve 12,600 guests in May, the estimated total cost would be Requirement 2b. If the restaurant were to serve 12,600 guests in May, what would be the average cost per guest? If the restaurant were to serve 12,600 guests in May, the average cost per guest would be Requirement 3a. If the restaurant were to serve 10,700 guests in June, what would be the estimated total cost using the cost equation from Requirement 17 If the restaurant were to serve 10,700 guests in June, the estimated total cost using the cost equation from Requirement would be Requirement 3b. If the restaurant were to serve 10,700 guests in June, what would be the estimated total cost using the average per guest cost from Requirement 20 If the restaurant were to serve 10,700 guests in June, the estimated total cost using the average cost per quest from Requirement 2b would be Requirement 3c. Why is there a difference in the two cost estimates? There is a difference in the two cost estimates because the average cost per quest as volume decreases, while the variable cost per unst as volume changes, due to the Requirement 4. What is the restaurant's cost equation for estimating costs if the number of quests to be served is more than 13.900 guests per month? Y- Requirement 5. If the restaurant were to serve 15,200 guests in July, what would be the estimated total cost? (Use the cost equation from Requement 4) it the restautes were to serve 15,200 guests in July, the estimated total cost using the cost equation hom Reque would be 0 of of the buffet's costs. The fixed cost per The Healthy Buffet offers an all-you-can-eat buffet meal for $34 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the aura a $113,400 per month when the restaurant serves meals up to 13,900 guests in that month. If the restaurant were to serve more than 13,900 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $26,000 per month. The variable cost of food is $12 per guest Read the requirements Requirements Requirement 1. What is the restaurant's cost equation y= Requirement 2a. If the restaurant were to serve 12,60 If the restaurant were to serve 12,600 guests in May. 1 Requirement 2b. If the restaurant were to serve 12,60 If the restaurant were to serve 12.600 guests in May t Requirement 3a. If the restaurant were to serve 10,70 If the restaurant were to serve 10,700 guests in June, would be Requirement 3b. If the restaurant were to serve 10,70 If the restaurant were to serve 10 700 guests in Jum Requirement 2 would be 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,900 guests per month? 2. If the restaurant were to serve 12,600 guests in May, what would be the a. Estimated total cost? (Use the cost equation from Requirement 1.) Average cost per guest? b. 3. If the restaurant were to serve 10,700 guests in June, what would be the Estimated total cost using the cost equation from Requirement 17 A. b. Estimated total cost using the average per guest cost from Requirement 25? c. Why is there a difference in the two cost estimates? 4. What is the restaurants cost equation for estimating costs if the number of quests to be served is more than 13,000 guests per month? 5. If the restaurant were to serve 15,200 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4) Requirement 3c. Why is there a difference in the two cost estimates? Print Done cost per quest as volume changes, due to the of the buffely costs The head cost per un