The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Custodial Occupancy- Supplies Month Days Expense March 18, 300 $ 16, 700 April 12,740 17, 250 May 15,360 20, 150 June 29, 400 23, 350 July 25, 800 26,000 August 18,000 20, 750 September 15, 100 20,000 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 ices amount and "Variable cost" to 2 decimal places.) Y = 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 14,200 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 Total cost Pray 1 of 5 Next >