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Question 8 (Adapted from Jan Sem 2019 Question 3) Kim started a tuition centre on...

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Question 8 (Adapted from Jan Sem 2019 Question 3) Kim started a tuition centre on 1 November 2019. The following are the costs compiled for the month of November 2019. Nov 2019 Number of students 100 Cost of materials Rental Salary of staff Total cost Cost per student $200 $2,000 $10.000 $12.200 $122 Average fees paid by each student $150 Profit per student $28 In December 2019, number of students enrolled was only half that of November 2019. Based on the profit per student, Kim expects a profit of $1,400 ($28 X 50). Using cost behaviour analysis, explain why Kim should not earn $1,400 for December 2019. What should be the correct profit/ loss for December 2019

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