Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my werk 6 10 NE The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and

image text in transcribed
Check my werk 6 10 NE 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 season and in the summer Month Occupancy Days Electrical costs January $9,60 February 3, 470 $10,185 March 3,660 $10,160 April 1,760 5.6,160 1,350 $4,725 June 4,350 $11,575 July 3,280 $ 9.765 August 1.610 5 5,635 September 200 52,450 October 1,300 $ 4,50 November 15.14 December 2,220 57.770 My Print Required: 1. Using the high-low method, estimate the cost of month abd 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 Find cost of electricity per occupancy day per mor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of External Auditing

Authors: Brenda Porter, Jon Simon, David Hatherly

2nd Edition

470842973, 470842970, 978-0470842973

More Books

Students also viewed these Accounting questions