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1 The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: ats Occupancy - Days 18,150 12,620 15,180 28,950
1 The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: ats Occupancy - Days 18,150 12,620 15,180 28,950 24,900 17,400 14,800 Month March April May June July August September Custodial Supplies Expense $ 17,940 18, 110 24,240 29,300 32,820 25, 470 24,090 Skipped eBook Print Occupancy days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy days. eferences Required: 1. Using the high-low method, estimate a cost formula for custodial supplies expense. (Round the "Fixed cost" to the nearest dollar amount and "Variable cost" to 2 decimal places.) Y = X 2. Using the cost formula you derived above, what amount of custodial supplies expense would you expect to be incurred at an occupancy level of 13,600 occupancy-days? (In your computations, round "Variable cost per unit" to 2 decimal places and final answers to the nearest dollar amount.) Amint
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