The Little Beaver Daycare Centres, a not-for-profit organization, provides daycare services to low-income families in 20 communities in Alberta. The manager's summary report for the past four months of operations is reproduced here: March April May June Total Number of children 849 821 778 842 3,290 Daycare fees $ 4,230 $ 4,180 $ 3,875 $ 4,260 $ 16,545 Daycare staff salaries Daycare supplies used 3,182 3,077 2,934 Administrative salaries 3,197 3,198 3,197 Rent 1,000 1,000 1,000 Utilities 226 226 226 Other expenses 2,854 2,776 2,671 Total expenses 23,713 23,533 23,282 Operating surplus (loss) $(19,483) $(19,353) $(19.407) 3,175 12,368 3,412 13,004 1,100 4,100 226 904 2,828 11,129 24,856 95,384 $(20,596) $(78,839) The daycare receives an operating subsidy from the province, but unfortunately, the operating loss that has been incurred through June $(78,839) is larger than anticipated. Part of the problem is the salary increase that went into effect in June, which had been overlooked when the budget was submitted to the city last year. To compound the problem, the warm summer months traditionally bring with them an increase in additional summer outdoor activities. Thus, the daycare experiences additional costs during July. The daycare's managers are considering an increase in daycare fees to reduce losses. However, they are reluctant to raise fees because the children are from low-income families. The daycare will raise fees only if necessary. Use your judgment to classify costs as fixed, variable, or mixed. Variable/ Fixed / Mixed Daycare staff salaries Daycare supplies used Administrative salaries Rent Utilities Other expenses Create a cost function for the Little Beaver Daycare Centres. Use the high-low method to estimate the function for any mixed costs. (Round variable cost rate to 2 decimal places, e.g. 15.25 nd other answer to o decimal places, e.g. 125.) Cost Formula: Total Cost = $ + $ Use the cost function to estimate July expenses based on a projection of 940 children. (Round answer to 0 decimal places, e.g. 125.) Cost Formula: Total Cost =