The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Month March April May June July August September Occupancy - Days 18,400 12,820 15,480 29,700 26,400 18,400 15,300 Custodial Supplies Expense $ 13,700 14,250 16,750 20,850 23,000 17,650 16,800 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.) YE $ 6.665 + S 055 X 2. Using the cost formula you derived above, what amount of custodial supplies expense would you expect to be locurred at an occupancy level of 14 600 Occupancy days? (In your computations, round "Variable cost per unit" to 2 decimal places and final 1 of 2 Next >