The Paulson Buffet offers an all-you-can-eat buffet meal for $31 per person. The restaurant employs ten...

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The Paulson Buffet offers an all-you-can-eat buffet meal for $31 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $150,000 per month when the restaurant serves meals up to 13,500 guests in that month. If the restaurant were to serve more than 13,500 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $21,000 per month. The variable cost of food is $11 per guest. Read the requirements. Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,500 guests per month? y = $ x +$ O Requirements 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,500 guests per month? 2. If the restaurant were to serve 12,500 guests in May, what would be the: a. Estimated total cost? (Use the cost equation from Requirement 1.) b. Average cost per guest? 3. If the restaurant were to serve 10,500 guests in June, what would be the: a. Estimated total cost using the cost equation from Requirement 1? Estimated total cost using the average per guest cost from Requirement 2b? b. с. Why is there a difference in the two cost estimates? 4. What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than 13,500 guests per month? 5. If the restaurant were to serve 14,200 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.) The Paulson Buffet offers an all-you-can-eat buffet meal for $31 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $150,000 per month when the restaurant serves meals up to 13,500 guests in that month. If the restaurant were to serve more than 13,500 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $21,000 per month. The variable cost of food is $11 per guest. Read the requirements. Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,500 guests per month? y = $ x +$ O Requirements 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 13,500 guests per month? 2. If the restaurant were to serve 12,500 guests in May, what would be the: a. Estimated total cost? (Use the cost equation from Requirement 1.) b. Average cost per guest? 3. If the restaurant were to serve 10,500 guests in June, what would be the: a. Estimated total cost using the cost equation from Requirement 1? Estimated total cost using the average per guest cost from Requirement 2b? b. с. Why is there a difference in the two cost estimates? 4. What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than 13,500 guests per month? 5. If the restaurant were to serve 14,200 guests in July, what would be the estimated total cost? (Use the cost equation from Requirement 4.)

Answer rating: 100% (QA)

2 Answer 1 y11X150000 y Total cost 11 is variable cost per guest X are number of guests 15... View the full answer