Exercise 6A-1 High-Low Method [L06-10] 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. Month January February March April Occupancy-Days 2,640 2,860 Electrical Costs $13,200 $14, 300 $4,900 $12,100 $10,450 $18,860 $17,160 $16,760 $ 8,150 $5,450 $6,950 $14,550 980 2,420 2,090 4,470 4,020 3,940 1,630 1,090 1,390 2,910 June August September October November December 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 Fixed cost of electricity per occupancy-day per month