Take a Test - jared Gross - Google Chrome X mathxl.com/Student/PlayerTest.aspx?testld=225701222¢erwin=yes ACG3301_Spring 2021 jared Gross | 03/01/21 9:23 PM Quiz: Chapter 6 Quiz Time Remaining: 02:35:46 Submit Quiz This Question: 1 pt 2 of 3 (0 complete) This Quiz: 3 pts possible The Paulson Buffet offers an all-you-can-eat buffet meal for $33 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $167,700 per month when the restaurant serves meals up to 14,200 guests in that month. If the restaurant were to serve more than 14,200 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $23,000 per month. The variable cost of food is $16 per guest. Read the requirements Requirement 3a. It the restaurant were to serve 11,200 guests in June, what would be the estimated total cost using the cost equation from Requirement 1? If the restaurant were to serve 11,200 guests in June, the estimated total cost using the cost equation from Requirement 1 would be Requirement 3b. If the restaurant were to serve 11,200 guests in June, what would be the estimated total cost using the average per guest cost from Requirement 2b? If the restaurant were to serve 11,200 guests in June, the estimated total cost using the average cost per guest 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 guest as volume changes, due to the of the buffet's costs. The fixed cost per unit as volume decreases, while the variable cost per unit Requirement 4. What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than 14,200 guests per month? y = 1 x + [ 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 Requirement 4) If the restaurant were to serve 15,200 guests in July, the estimated total cost using the cost equation from Requirement 4 would he Enter any number in the edit fields and then continue to the next question. (?) OH B C HU A L O F 9:23 PM Type here to search 3/1/2021 Insert Delete ESC - F2 F11 F12 Prisc FF %% O = Backspace V A 3 8 P Tab D G