17 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 10 Month January February March April points Occupancy-Days 3,030 3.08 3,989 1,630 1,270 2,110 650 3,690 1,950 4,410 1,600 2.230 June July August September October November December Electrical Costs $ 9,844 $ 9,234 $ 11,913 $ 6, 194 $ 4,826 $ 8,018 $ 2.47 $11,552 $ 7,448 $12.998 $ 6, 080 $ 8,474 eBook Print 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 I 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 Required information The following information applies to the questions displayed below.) Part 12 of 15 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): points Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,000 45,500 19,500 14,040 $ 5,460 12. What is the degree of operating leverage? (Round your answer to 2 decimal places.) Print Dotee of operating levere Assignment 1 (Ch1.2) 50 pts Saved 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): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 55,000 45,500 19,500 14.00 $ 5,460 13. Using the degree of 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 not operating income Required information The following information applies to the questions displayed below Part 14 of 15 Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units) points Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,00 45,500 19.500 14,840 $ 5.450 Print 14. 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. Under this scenario and assuming that total sales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage