e Peak View Hotel$$s occupancy$-$days and custodial supplies expense over the last seven months were as follows:

Month

Occupancy$-$Days Custodial Supplies

Expense

March $19,400$ $ $23,680$

April $13,90022,910$

May $16,40022,140$

June $30,90031,470$

July $25,40028,710$

August $20,40024,430$

September $15,90022,780$

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.

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.$)$

$2.$ Using the cost formula you derived above, what amount of custodial supplies expense would you expect to be incurred at an occupancy level of $14,800$ occupancy$-$days? $($In your computations, round "Variable cost per unit" to $2$ decimal places and final answers to the nearest dollar amount.$)$