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The Laura's BNB occupancy-days and custodial supplies expense over the last seven months were as...

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The Laura's BNB occupancy-days and custodial supplies expense over the last seven months were as follows: Month March April May June July August September Occupancy - Days 18,550 12,940 15,660 30,150 27,300 19, eee 15,600 Custodial Supplies Expense $ 14,680 14,760 16,700 19,400 22,120 17,450 16,790 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 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.) 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

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