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9 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days
9 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. Occupancy Days Electrical Costs 2 oints 802.10.31 Month January 3,180 $ 6,510 February 2,920 $ 6,261 March 3,780 $ 7,392 April 2,160 $ 5,569 May -650 $ 1,820 June 2,050 $ 5,261 eBook July 4,050 $ 7,829 August 4,070 $ 7,896 September 1,780 $4,984 October 570 $ 1,596 Hint 1,580 2,680 $ 4,424 $ 5,908 Print References November December 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 Foxed cost of electricity per occupancy-day per month
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