The Texas State Fair is one of the largest state fairs in the United States, Nova Concessions is a vendor at the fair. (Click the icon for additional information about the fair.) (Click the icon to view additional information about Nova Concessions.) Assume the following schedule of fees for food vendors at the Texas State Fair: Read the requirements. (Click the icon to view the schedule of fees.) 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? Requirement 2. What is the projected total fee that Nova Concessions will need to pay to The Texas State Fair assuming it meets its expected sales level for each of the 15 days of the fair? Identify the formula and then compute the breakeven point in dollars. (Complete all input fields. Enter a "O" for any zero amounts. Enter ratios, if any, as a decimal to two places, X.XX.) Requirement 4. Calculate Nova Concessions' margin of safety both in dollars and percentage. First calculate Nova Concessions' margin of safety in dollars. Identify the formula, then enter the amounts to calculate the margin of safety in dollars. =Marginofsafetyindollars= Marginofsafetyasa1=percentageofsales=% 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 Texas 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 - \$6 per linear foot for ground service fees (front footage x depth) - 10% of concessions (food sales) - $40 per 15-day parking permit - $320 for 100 -amp electrical service - $45 per 15-day fair admittance pass (one is included with basic rental agreement) More info It has a food booth that requires 11 feet of front frontage and is 10 feet deep. Nova Concessions expects to have sales averaging $2,500 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. Nova Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 15-day period are expected to total $5,610