Exercise 6A-1 (Algo) High-Low Method [LO6-10] 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. Occupancy- Electrical Month Days Costs January 3, 410 $ 13, 889 February 3, 250 $ 13, 008 March 4, 470 $ 15, 158 April 1, 940 $ 8, 342 May 1, 050 $ 4, 515 June 450 $ 1, 935 July 3, 270 $ 13, 094 August 4, 510 $ 15, 333 September 1, 350 $ 5, 805 October 1, 640 $ 7, 052 November 1, 860 $ 7,998 December 2,970 $ 12, 578 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