Q3: CVP Analysis (7.5 Marks) The following data has been collected for the August operations of Lund, a local beauty salon: Number of appointments Total Hairdresser salaries Total Manicurist salaries Supplies Utilities Rent Miscellaneous August 1900 $18 000 $16000 $950 $ 400 $1 000 $3580 Required: 1. What is the cost function for Luna beauty Salon, use the table below to classify the cost outlined as either fixed or variable and then provide the total cost (TC) function in algebraic form? (5 marks) Cost Fixed Variable 2. If the average fee per appointment is $25, estimate the number of appointments that would be required in August to break even. Show all workings. [2.5 marks]