Question: A banquet hall has a mixed cost structure when it comes to their facility rental expense. They have a monthly fixed rent expense of $3,000

A banquet hall has a mixed cost structure when it comes to their facility rental expense. They have a monthly fixed rent expense of $3,000 and a 'per guest' variable expense component of $0.40. On average, the banquet hall has 1200 guests come in per month. The banquet hall manager is asking you to calculate on average, what their quarterly rental expensewould be. Show all the work.

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