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The Lakeshore Hotel's occupancy days and custodial supplies expense over the last seven months were as follows 7 Cintial Supplies Denise Month March April May

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The Lakeshore Hotel's occupancy days and custodial supplies expense over the last seven months were as follows 7 Cintial Supplies Denise Month March April May Occupancy Day 8,10 8,300 13,200 20,500 26,700 18,600 15.400 June July | August September 19.820 25,480 31,750 37,10 20,650 26,510 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 least squares regression (you may use a spreadsheet to compute the fixed and variable costs), estimate a cost formula fot custodial supplies expense. (Round the "Fixed cost to the nearest dollar amount and "Variable cost" to 2 decimal places.) Required: 1. Using least-squares regression (you may use a spreadsheet to compute the fixed and variable costs). estimate a cost formula for custodial supplies expense (Round the "Fixed cost to the nearest doller 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 12800 occupancy.days? (Round the "Fixed cost to the nearest dollar amount.) Variable cost Font Total 5

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