Question: 1. Using the highlow method, find total fixed cost and the variable cost per guest if you had 14,000 and 10,000 guests, and labor costs

1. Using the highlow method, find total fixed cost and the variable cost per guest if you had 14,000 and 10,000 guests, and labor costs were $15,500 and $12,000, respectively.

2. In studying the feasibility of a new operation, how can CVP analysis be used to determine the volume of sales required to give a desired return on investment?

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