Find what amount of custodial supplies expense would expect

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Reference no: EM132667074

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 18,700 $15,480

April 13,060 15,640

May 15,840 18,260

June 30,600 24,200

July 28,200 30,360

August 19,600 22,130

September 15,900 19,870

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:

Problem 1. Using the high-low method, estimate a cost formula for custodial supplies expense.

Problem 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 14,800 occupancy-days?

Reference no: EM132667074

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