Question: Could someone answer for me this question. Thank you in advance. Required: Using the high-low method, estimate the variable and fixed cost elements of the

Could someone answer for me this question. Thank you in advance. Could someone answer for me this question. Thank you in advance. Required:

Required: Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation. 2. Express the variable and fixed costs in the form Y = a + bx. 3. If a truck were driven 80,000 kilometers during a year, what total cost would you expect to be incurred? EXERCISE 3-8 High-Low Method; Predicting Cost LOL, LO3) The Lakeshore Hotel's guest-days of occupancy and custodial supplies expense over the last seven months Were: Month March April ..... May ...... Guest Days of Occupancy 4,000 6,500 8,000 10,500 12,000 9,000 7,500 Custodial Supplies Expense $7,500 $8,250 $10,500 $12,000 $13,500 $10,750 $9,750 June. July August .............. September . ... 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 ex i derived above, what amount of custodial supplies expense would you expect to be incurred at an occupancy level of 11.000 guest-days

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