The graduating class of 2001 from East High School in Albuquerque, New Mexico is planning its 20 year class reunion. In estimating costs, the planning committee compiled the number of people in attendance and related total costs for each previous class reunion held: Reunion : People in Attendance : Total Costs 5 year 100 $10,200 10 year 85 $8,000 15 year 75 $9,500 QUESTION 1: If the committee uses the high low method to estimate costs, what is the expected total cost for the 20 year reunion assuming the committee's best estimate is that 80 people will attend? 59,640 $16,933 $9,147 S8,440 9,233 QUESTION 2: How would you calculate the mimimum amount you would recommend the committee charge per person in order to breakeven on the 20 year reunion? total estimated costs divided by the number of invitations sent out highest total cost divided by the lowest number of people in attendance per unit variable cost from the cost behavior equation total fixed costs from the cost behavior equation divided by the number of people expected to attend the reunion total estimated costs for the reunion divided by the number of people expected to attend the reunion