16 Required information [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1.000 units (the relevant range of production is 500 units to 1,500 units): Part 15 of 15 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65, eee 45. See 19.se points Skipped $ 5,460 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $14.040 and the total fixed expenses are $45,500. Given this scenario and assuming that total sales remain the same. Using the degree of calculated operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? (Round your intermediate calculations and final answer to 2 decimal places.) Increase in net operating income 17 points 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 Month Occupancy-Days Electrical Costs January 3, 30 $ 9,044 February 3,000 $ 9.234 March 1. O $11.913 April 1,630 $ 6,194 May 1,270 $ 4,826 June 2. 110 650 $ 2, 470 August 3,690 $11.552 September 1,960 $ 7,448 October 4,410 $12,998 November 1,600 $6,080 December 2.230 $ 8,474 Skipped 3,018 July eBook Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy.da (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost elemer answer to nearest whole dollar amount.) Variable cost of electric Fixed cost of elect per occupancy-day per month 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Systematic factors like guests, switching off fans and lights Number of days present in a month income taxes paid on hotel income Seasonal factors like winter or summer. Foed salary paid to hotel receptionist