Question: Determine the cost equation for the Simple Inn which has four costs as follows: 3000 Covers 6000 covers Rent $5,000 $5,000 Salaries 15,000 15,000 Cost

Determine the cost equation for the Simple Inn which has four

Determine the cost equation for the Simple Inn which has four costs as follows: 3000 Covers 6000 covers Rent $5,000 $5,000 Salaries 15,000 15,000 Cost of Sales 12,000 24,000 Other 11,000 14,000 1. 2. First, determine the type of each cost. Second, determine the variable cost per cover as relevant. Determine the fixed cost for the mixed cost. Build the cost equation. 3. 4. =

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