(Click the icon to view additional information.) Read the requirements. Requirement 1. How did Hayward calculate the budgeted fixed cost per meal of $1.64 in 2020? Select the formula to show how Hayward calculated the budgeted fixed cost per meal of $1.64 in 2020 . price? Select the formula that is used to show how much the hospitals would be charged for each meal in 2021, then calculate the cost per meal. (Enter amounts to the nearest cent.) \begin{tabular}{|l} \hline Budgeted fixed \\ More info \\ Recently,thehospitalshavebeencomplainingaboutthequalityofCafemansmealsandtheirrisingcosts.Inmid-2020,CafeOnespresidentannouncesthatallCafeOnehospitalsandsupportfacilitieswillberunasprofitcenters.Hospitalswillbefreetopurchasequality-certifiedservicesfromoutsidethesystem.LukeHayward,Cafemanscontroller,ispreparingthe2021budget.Hehearsthatthreehospitalshavedecidedtouseoutsidesuppliersfortheirmeals,whichwillreducethe2021estimateddemandto820,000meals.Nochangeinvariablecostpermealortotalfixedcostsisexpectedin2021. \end{tabular} Requirements 1. How did Hayward calculate the budgeted fixed cost per meal of $1.64 in 2020 ? 2. Using the same approach to calculating budgeted fixed cost per meal and pricing as in 2020 , how much would hospitals be charged for each Cafeman meal in 2021? What would the reaction of the hospital controllers be to the price? 3. Suggest an alternative cost-based price per meal that Hayward might propose and that might be more acceptable to the hospitals. What can Cafeman and Hayward do to make this price profitable in the long run