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1 8 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of
1 8 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Electrical Costs $9,660 points Occupancy Month Days January 3,250 eBook February 3,470 $10,185 March 3,660 $ 10,360 April 1,760 $ 6,160 Hint May 1,350 June AL 4,350 $ 4,725 $11,575 July 3,280 $ 9,765 Pix August 1,610 $ 5,635 September 700 $2,450 References October 1,300 $4,550 November 1,640 $5,740 December 2,220 $7,770 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity per occupancy-day per month
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