Exercise 2-14 High-Low Method; Predicting Cost [LO2-4, LO2-5]

The Lakeshore Hotel?s guest-days of occupancy and custodial supplies expense over the last seven months were:

value: 6100 points Exercise 2-14 High-Low Method; Predicting Cost [LIiIl2-cil-l L025] The Lakeshore Hotel's guest-days oioooupanoy and custodial supplies expense overthe last seven monthswere: Bursar-rial Greet-Days Sum \"null 111me Bill-ease March 8,000 $ 12,800 April ?,500 5 12,400 May 10,000 $ 14,400 June 11,500 5 15,600 .July 13,500 $ 1?,200 August 12,500 5 16,400 September 10,000 $ 14,400 Guest-days is a measure oithe overall activity atthe hotel. For example, a guest who stays atthe hotel for three days is counted asthree guest-days. Required: 1. Using the highlow method, estimate a costformula for custodial supplies expense. {Round the variable cost per guest-day to 2 decimal points.} -1_ variable cost perguestday _perguestday