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Applying the High - Low Method [ LO 2 - CC 9 ] The Royal Canadian Lodge in Banfi, Aiberta, has accumalated records of the
Applying the HighLow Method LO CC
The Royal Canadian Lodge in Banfi, Aiberta, has accumalated records of the total electrical costs of the hotel and the aumber of occupancydays over the last year. An occupancyday represents a room rented out for one day. The botel's business is highly seasonal, with peaks occurring during the sli season and in the summer.
Required: the fxed cost to the nearest whole dollas and the warible cost to the nearest whole cent.
What factors other than occupancy dars are likely to affect the monthly variation in electrical costs?
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