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Consider the following information for FM Hotel in Vancouver, BC. The hospital contains 630 rooms. The occupancy rate varies between 60% and 90% per month.

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Consider the following information for FM Hotel in Vancouver, BC. The hospital contains 630 rooms. The occupancy rate varies between 60% and 90% per month. The average occupancy rate is 80%. At 80% occupancy, the operating costs are $50 per night for each occupied room, assuming a 30 -day month. Note that operating costs include both variable and fixed cost elements. - During June, the busiest month, 90% of rooms are occupied, with operating costs of $47 per room. - During April, the occupancy rate was only 60%, with total operating costs of $735,300. Required: 1. Using the high-low method, estimate the variable cost per occupied room on a daily basis. Please round your answer to 3 decimal places. Show all work [ 3 marks] 2. Using the high-low method, estimate the monthly fixed operating costs. Please round your answer to the nearest whole dollar amount. Show all work. [ 2 marks]

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