The Lakeshore Hotels guest-days of occupancy and custodial supplies expense over the last seven months were; Guest-days
Question:
The Lakeshore Hotel’s guest-days of occupancy and custodial supplies expense over the last seven months were;
Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days.
Required:
1. Using the high-low method, estimate a cost formula for custodial supplies expense.
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 11,000 guest-days?
Transcribed Image Text:
Custodial Supplies Guest-Days of Month Оссирaney Expense $7,500 March 4,000 April $8,250 6,500 May $10,500 8,000 10,500 $12,000 June $13,500 July 12,000 $10,750 August 9,000 September $9,750 7,500
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Related Book For
Managerial Accounting
ISBN: 9780072834949
11th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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