Lakeview Apartments is a 800-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $216,360. When occupancy dips to 80%, monthly operating costs fall to $211,320. 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 60% 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 60%? 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 Lakeview's operating cost equation. y = x + Assuming the same relevant range, what should the owner expect her operating costs to be if occupancy falls to 60%? (Round your answer to the nearest whole dollar.) The owner should expect her operating costs to be if occupancy falls to 60%. Lakeview Apartments is a 800-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $216,360. When occupancy dips to 80%, monthly operating costs fall to $211,320. 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 60% 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 60%? Let's begin by determining the formula that is used to calculate the variable cost (slope). Variable cost (slope) Change in cost Change in volume Highest cost hat is used to calculate the fixed cost component. Fixed cost determine Lakeview's operating cost equation. Highest volume Lowest cost Lowest volume Total operating cost Total variable cost range, what should the owner expect her operating costs to be if occupancy falls to 60%? (Round your answer to the nearest whole dollar.) The owner should expect ner operating costs to be if occupancy falls to 60%.