the Purelife Buffet offers an all-you-can-eat buffet meal for $32 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $179,400 per month when the restaurant serves meals up to 14,300 guests in that month. If the restaurant were to serve more than guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $21,000 per month. The variable cost of food is $10 per guest. Requirements 1. What is the restauran's cost equation for estimating costs if the number of guests to be served is up to 14,300 guests per month? 2. If the restaurant were to serve 13,800 guests in May, what would be the: a. Estimated total cost? (Use the cost equation from Requirement 1.) b. Average cost per guest? 3. If the restaurant were to serve 12,300 guests in June, what would be the: a. Estimated total cost using the cost equation from Requirement 1? b. Estimated total cost using the average per guest cost from Requirement 2b ? c. Why is thare a difference in the two cost estimates? 4. What is the restauran's cost equation for estimating oosts if the number of guests to be served is more than 14,300 guests per month? 5. If the restaurant were to serve 15,400 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.) Requirement 1. What is the restauran's cost equation for estimating costs if the number of guests to be served is up to 14,300 guests per month? y=x+ Requirement 2a. If the restaurant were lo serve 13,800 gvests in May, what would be the estimated total cost (Use the cost equation from Requirement 1.) If thie restaurant were to serve 13,800 guests in May, the estimated folal cost would be Requirement 26 . If the restaurant were to serve 13,800 guests in May. What would be the average cost per guost? If the restaurant were to serve 13,800 guests in May, the average cost per guest would be madis te Requirement 3 . Why in there a difter mos in se two cots wimates? as velume dhanges, dia io the ar ehe buters coes the fued cost per unt as volume decreatet, whis the vanable cost per un Requirement 4. What is the restaurant's cost equation for estrinating costs if the number of guests to be sorved is more than 14,300 guests per month? Requirement 5. It the restaurant were to serve 15,400 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.) If the restaurant were to sorve 15,400 guests in July, the estimated lotal cost using the cost equation from Requirement 4 would be