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Due at 10! Please answer fast!! The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and
Due at 10! Please answer fast!!
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. 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 ypur Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Step by Step Solution
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