Chec 2 Bargain Rental Car offers rental cars in an off airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns Accordingly, the following data have been compiled: of 2 Month January February ed March April May June July August September October November December Rental Returns 2,400 2,5ee 2,700 2,900 3,600 5. Be 5,500 5,400 4,700 3,900 2,200 2,700 Car Wash Costs $ 19,609 $ 12,900 $ 11,400 $ 13,700 $ 15,800 $ 22,500 $ 21,800 $ 21,200 $ 22,400 $ 19,900 $ 10,300 $ 12,800 ok aces w Exercise 5A-2 Part 2 (Algo) 2. Using least squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) ats Skipped Exercise 5A-2 Part 2 (Algo) eBook 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Ro Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) Print eferences Fixed cost per month Variable cost per rental return Check in 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 January February March April May June July August September October November December Occupancy-Days 3,300 2,960 3,550 1,600 1,370 1,350 3,490 3,750 1,390 1,060 1,520 2,900 Electrical Costs $ 8,024 $ 7,767 $ 8,265 $ 4,800 $ 4,119 $ 4,050 $ 8,117 $ 8,560 $ 4,170 $ 3,184 $ 4,560 $ 7,746 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 per month