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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 $

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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 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 neon amount and "Variable cost" to 2 decimal places.) Required: 1. Using the high-low method, estimate a cost formula for custodial supplies expense (Round the "Fixed cost to the nearest doll 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.) Amount Variable cost Fixed cost Total cost $ 0

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