You have started a small hotdog stand and want to use the concepts of CVP to manage the stand. Your stand will be used to sell hotdogs in front of office buildings during the lunch hour in Columbus, Ohio. This is a seasonal business and most of the activity will occur in the summer months. The following are your estimated costs and information for the season: Depreciation on the stand $1,750 General Insurance $550 Gas Cost $575 License Fee $150 Operator's wage rate $8.00 per hour Payroll taxes 12% of wages Professional Fees $200 Estimated hours of operation 500 hours Estimated hours of wages 700 hours Mileage paid $780 Misc. Supplies $125 Other Costs $100 Hotdogs $ .45 Buns $ .15 Condiments $ .10 Paper Products $ .05 Selling Price $2.00 1. Make a list of all Fixed Costs and show the total. (14 points) 2. Make a list of all Variable Costs and show the total. (5 points)