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 18,300 12,740 15,360 29,400 25,800 18,000 15,100 Custodial Supplies Expense $ 16,700 17,250 20,150 23,350 26,000 20,750 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 amount and "Variable cost" to 2 decimal places.) IX 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 Faced cost Total cost $ 0
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