5 5 7 8 Pet Place is in the dog grooming business. Its budgeted monthly operating...

 

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5 5 7 8 Pet Place is in the dog grooming business. Its budgeted monthly operating costs are described by these cost formulas: Grooming supplies y=$0+$3x y=$0+$15x Direct labbur Rent y=$2,000+$0x Utilities y=$1,000+$1x Pat, the owner determined that dogs (x) is the cost driver for all categories. 9 Instructions: 10 a) In the blue drop down box, classify each cost (4 marks) 11 b) What is the total cost function for Pet Place? (1 mark) c) If Pet Place grooms 500 dogs and Pat wants a 60% profit on total cost, what 12 price should they charge per dog? (3 marks) 5 5 7 8 Pet Place is in the dog grooming business. Its budgeted monthly operating costs are described by these cost formulas: Grooming supplies y=$0+$3x y=$0+$15x Direct labbur Rent y=$2,000+$0x Utilities y=$1,000+$1x Pat, the owner determined that dogs (x) is the cost driver for all categories. 9 Instructions: 10 a) In the blue drop down box, classify each cost (4 marks) 11 b) What is the total cost function for Pet Place? (1 mark) c) If Pet Place grooms 500 dogs and Pat wants a 60% profit on total cost, what 12 price should they charge per dog? (3 marks)

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Grooming suppliesy 03xvariable cost as the cost will change with cha... View the full answer