Estimate a cost formula for custodial supplies expense

Reference no: EM132718620

Problem - The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows:

Month	Occupancy-Days	Custodial Supplies Expense
March	18,900	$14,580
April	13,220	14,700
May	16,080	15,780
June	31,200	20,400
July	29,400	25,740
August	20,400	18,990
September	16,300	17,230

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.

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 15,600 occupancy-days?

Reference no: EM132718620

Questions Cloud

Define plan for evaluating the proposed nursing intervention : Discussion of how evidence-based practice was used in creating the intervention plan. Plan for evaluating the proposed nursing intervention.

What ethical insight can we learn from the superhero : What ethical insight can we learn from the superhero, Superman? Can this insight be related to the lessons in Ethics?

Show in the general journal the record of sale : The equipment was sold at the price of $750 000. Show in the general journal the record of sale and an entry recognizing the expense of the machine sold.

Construct an argument map diagram : Put the argument from the following passage into standard form and construct an argument map diagram.

Estimate a cost formula for custodial supplies expense : Occupancy-days are a measure of the overall activity at the hotel. Using the high-low method, estimate a cost formula for custodial supplies expense

How are logical fallacies used in marketing : How are logical fallacies used in marketing

Determine the down payment of the loan : $16,000 to purchase a used pickup truck. His down payment is 25% and the APR is 10% for 24 months. Determine the down payment of the loan.

Light of philosophical concepts and theories : The composing is supposed to examine the movie or TV show in the light of philosophical concepts and theories

Describe the characteristics of the aging process : Describe the characteristics of the aging process. Explain how some of the characteristics may lead to elder abuse (memory issues, vulnerability, etc.).

User Account

All Pages