The following information shows the occupancy days and electrical costs of of hotel 'Violetsky'. Hotel business is highly seasonal. The Occupancy Days and Electrical costs are asfollows:MonthGuest Occupancy DaysMaintenance costsJanuary11,736$40,127February11,904$40,207March12,356$50,083April1,960$20,857May1,360$10,871June1,744$20,696July2,108$40,670August12,406$ 50,148September1,840$ 20,691October1,124$ 10,588November1,720$ 20,454Decemeber11,364$ 30,529Requirement:(a)Using high -low method formulate y=a +bx(b) What would 31000 Guest occupancy days will cost for maintenance of the hotel? [marks

High-low method is a part of the cost accounting which is a way of attempting out variable cost per…

Answered: Requirement: (a)Using high -low method…

Requirement: (a)Using high -low method formulate y=Da +bx (b) What would 31000 Guest occupancy days will cost for maintenance of the hotel?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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