The New York State Fair is one of the largest state fairs in the United States. Solar Concessions is a vendor at the fair. (Click the icon for additional information about the fair.) (Click the icon to view additional information about Solar Concessions.) Assume the following schedule of fees for food vendors at the New York State Fair: Read the requirements. (Click the icon to view the schedule of fees.) More info - $14 per linear foot for ground service fees (front footage x depth) Requirement 1. Of the fees listed in the schedule, which fees are variable with respect to the number of customers at the booth? Which fees are fixed? - 14% of concessions (food sales) - $40 per 14-day parking permit - $300 for 100 -amp electrical service - $30 per 14-day fair admittance pass (one is included with basic rental agreement) Requirement 2. What is the projected total fee that Solar Concessions will need to pay to The New York State Fair assuming it meets its expected sales level for each of the 14 days of the fair? More info Requirements It has a food booth that requires 14 feet of front frontage and is 7 feet deep. Solar 1. Of the fees listed in the schedule, which fees are variable with respect to the Concessions expects to have sales averaging $5,500 per day for each of the 14 number of customers at the booth? Which fees are fixed? days of the fair. It has a total of five employees who will work the fair throughout the entire 14-day period. Solar Concessions pays for each employee's fair 2. What is the projected total fee that Solar Concessions will need to pay to The admission and parking. Assume that the employee wages for the 14-day period are expected to total $8,008. 14 days of the fair? 3. Assume that variable costs are 60% of sales revenue. (This 60% includes the 14% concession fee charged by The New York State Fair.) How much in total sales revenue is needed for Solar Concessions to break even? 4. Calculate Solar Concessions' margin of safety both in dollars and percentage