Great Eastern Inns has a total of 3,700 rooms in its chain of motels located in eastern Canada. On average, 55% of the rooms are occupied each day. The company's operating costs are $31 per occupied room per day at this occupancy level, assuming a 30-day month. This $31 figure contains both variable and fixed cost elements. During February, the occupancy rate dropped to only 30%. A total of $1,674,990 in operating cost was incurred during February Required: 1. Estimate the variable cost per occupied room per day. (Assume 30 days in a month. Do not round intermediate calculations and round your final answer to 2 decimal places.) Variable cost per room per day 2. Estimate the total fixed operating costs per month. Fixed operating cost per month 3. Assume that the occupancy rate increases to 50% during March. What total operating costs would you expect the company to incur during March? (Assume 30 days in a month. Do not round intermediate calculations.) Total expected cost 4. Explain why being able to identify costs as variable or fixed is important in an organization