Name: 1. Given the information below, answer these three questions. Annual Fixed Costs $107,675/365 295/80 = 3.7 Number of People 80 Food Cost per Person $5.95 Variable Wage Cost $2.25 Other Variable Cost $1.75 A. Calculate the total cost per person for this event 37+595+225 +175=236 B. If the caterer wanted to make 18% over cost (ROI), what would the total revenue need to be and what would be the new price per person? C. What if you could only charge $12.50 per person and this is your only event for the day, would you still take this event