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Present... & Jan-Public-WEB.pdf prehensive Assignment #1 (i Saved Help 5 The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Custodial Occupancy- Supplies Month Days Expense March 18,950 $ 17, 350 April 13 , 260 17, 450 ts May 16, 140 18, 200 June 31, 350 22, 050 kipped July 29,700 26, 650 August 20,600 20,750 September 16,400 19 , 350 Print 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.) Y = Mc Graw V ? hp2. Using the cost formula you derived above, what amount of custodial supplies expense would you expect to be incurred at an occupancy level of 15,800 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 $ 0 ? O V hp