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Chec 8 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days
Chec 8 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 points Occupancy- Electrical Month Days Costs January 3, 230 $ 10 , 194 February 3, 100 $ 9, 888 eBook March 4, 170 $ 12, 266 April 2, 110 7, 807 Hint May 1, 100 $ 4, 070 June 950 $ 3, 515 Print July 3, 190 $ 10 , 046 August 2, 080 $ 7, 696 References September 4, 200 $ 12, 290 October 1 , 060 $ 3,922 November 1, 670 $ 6, 179 December 2, 830 $ 9, 241 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 per occupancy-day Fixed cost of electricity per month
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