The New Hampshire State Fair is one of the largest state fairs in the United States. Lunar Concessions is a vendor at the fair. 0 (Click the icon for additional information about the fair.) 0 (Click the icon to view additional information about Lunar Concessions.) Assume the following schedule of fees for food vendors at the New Hampshire State Fair: Read the muiremenfs. 0 (Click the icon to view the schedule of fees.) i-ee i-Ixeorvanable Concession fees Variable Electrical service Fixed Employee wages Fixed Fair admission fees Fixed Ground service fees Fixed Parking pem1it fees Fixed Requirement 2. What is the projected total fee that Lunar Concessions will need to pay to The New Hampshire State Fair assuming it meets its expected wles level for each of the 15 days of the fair? Variable Fee: Concession fees 5000 Requirements Fixed Fee: Parking perm fees 1. Ofthe fees listed in the schedule' which fees are variable with respect to the Fair admission fees number of customers at the booth? Which fees are fixed? 2. What is the projected total fee that Lunar Concessions will need to pay to The New Hampshire State Fair assuming it meets its expected sales level for each Employee wages of the '15 days of the fair? . Assume that variable costs are 70% of les revenue. (This ?0% includes the 14% concession fee charged by The New Hampshire State Fair.) How much in total sales revenue is needed for Lunar Concessions to break even? Electrical service Total Fixed Fee UH Total Fee to The New Ham shire State Fair p 4. Calculate Lunar Concessions' margin of safety both in dollars and percentage. More info It has a food booth that requires 19 feet of front frontage and is 14 feet deep. Lunar Concessions expects to have sales averaging $5,000 per day for each of the 15 days of the fair. It has a total of three employees who will work the fair throughout the entire 15-day period. Lunar Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 15-day period are expected to total $3,786. More info It draws nearly one million visitors over the fifteen-day period each July and August. The fair is a non-profit organization. It is self-supporting and needs, at a minimum, to break even by generating revenues through various activities. Among the sources of revenue for The New Hampshire State Fair are the revenues generated from the food vendors. A number of food vendors offer a wide variety of fair foods to attendees, including funnel cakes, gyros, cotton candy, milkshakes, and corn dogs. More info $9 per linear foot for ground service fees (front footage x depth) 14% of concessions (food sales) $30 per 15-day parking permit $250 for 100-amp electrical service $40 per 15-day fair admittance pass (one is included with basic rental agreement)