BA213- Managerial Accounting - ONLINE -10338 - Winter 2022+* eva ondongo 03/03/22 2:32 PM Test: Test #2 Question 8 of 12 > This test: 100 point(s) possible This question: 8 point(s) possible Submit test Lakeside Apartments is a 500-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $198,100. When occupancy dips to 80%, monthly operating costs fall to $195,200. The owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. The apartment owner fears that occupancy of her apartments will drop to 65% if residents lose their jobs and move away. Assuming the same relevant range, what can the owner expect her operating costs to be if occupancy falls to 65%? Let's begin by determining the formula that is used to calculate the variable cost (slope). = Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. = Fixed cost Use the high-low method to determine Lakeside's operating cost equation. y = * + Assuming the same relevant range, what should the owner expect her operating costs to be if occupancy falls to 65%? (Round your answer to the nearest whole dollar.) The owner should expect her operating costs to be if occupancy falls to 65%. Time Remaining: 02:41:55 Next MacBook Pro :D + 1I * delete O 28 LO # m