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The Lakeshore Hotel's occupancydays and custodial supplies expense over the last seven months were as follows: Custodial 10 Occupancy Supplies , Month Days Expense p'm5
The Lakeshore Hotel's occupancydays and custodial supplies expense over the last seven months were as follows: Custodial 10 Occupancy Supplies , Month Days Expense p'm5 March 18,550 $14,680 April 12,940 14,760 May 15,660 16,700 eBook June 30,150 19,400 July 27,300 22,120 prim August 19,000 17,450 September 15,600 16,790 References Occupancydays 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.) 10 points eBook Print References Check my work 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.) -:-:- 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.) Variable cost Fixed cost Total cost
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