It is related to managerial accounting

Q2. Cost estimation (High-Low method) Lov P135 EXERCISE 3-3 High-Low Method [LO3] 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 out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January February March April May. June July August September October November December 1,736 1,904 2,356 960 360 744 2,108 2,406 840 124 720 1,364 $4,127 $4,207 $5,083 $2,857 $1,871 $2,696 $4,670 $5,148 $2,691 $1,588 $2,454 $3,529 1) Compute fixed cost of electricity and unit variable cost. 2) What other factors other than occupancy-days may affect the variation in electrical costs? 3) Explain how the managers can use the estimated cost functions