BRIEF EXERCISE 6-2 The Royal Canadian Lodge in Banff, Alberta, 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 out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Applying the High-Low Method [LO2-CC9] January February March May August October November December Occupancy-Days 2.555 960 630 144 2108 1,406 480 230 720 Electrical Costs $4.127 3.207 5.210 2871 1.391 1490 Required: Using the high-low method estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day Round the fixed cost to the nearest whole dellar and the variable cost to the nearest whole cent What factors other than occupancy-days are likely to affect the monthly variation in electrical costs"