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Month January Occupancy-Days Electrical Costs 1.736 $4,127 1.904 $4,207 February March 2.356 $5,083 April 960 $2,857 May 360 $1,871 June 744 $2,696 July 2.108 $4,670

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Month January Occupancy-Days Electrical Costs 1.736 $4,127 1.904 $4,207 February March 2.356 $5,083 April 960 $2,857 May 360 $1,871 June 744 $2,696 July 2.108 $4,670 August 2,406 $5,148 840 $ 2,691 124 $ 1.588 September October November December 720 $2,454 1,364 $3.529 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. Round off the fixed cost to the nearest whole dollar and the variable cost to the nearest whole cent. What other factors in addition to occunane-days are likely to affect the variation in electrical costs from month to month Da 47

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