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The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as fo ows March April May June Occupancy- Days 18.650 13, eze 15,780 30,450 27.900 19,480 15,500 Custodial Supplies Expense $ 19,180 19,300 21,580 25,980 32,340 23,890 22,430 August September 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-ow 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.) S 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 14,600 occupancy-days? (In your computations, round "Variable cost per unit" to 2 decimal places and final answers to the nearest dollar amount.) Amount Variable cost Fixed cost 0 Total cost