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Please help me solve the following accounting question! Exercise 2-5 High-Low Method [L02-5] The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the

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Please help me solve the following accounting question!

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Exercise 2-5 High-Low Method [L02-5] 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. Occupancy- Electrical Month Days Costs January 3,030 $ 9,044 February 3,080 $ 9,234 March 3,980 $ 11,913 April 1,630 $ 6,194 May 1,270 $ 4,826 June 2,110 $ 8,018 July 650 $ 2,470 August 3,690 $ 11,552 September 1,960 $ 7,448 October 4,410 $12,998 November 1,600 $ 6,080 December 2,230 $ 8,474 Required: 1. Using the high-low method, estimate the xed 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) High activity level Low activity level Change Variable cost per occupancy-day Fixed cost element 2. What other factors other than occupancydays are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Boxes left with question marks will be graded as incorrect.) 8 Income taxes paid on hotel income. a Systematic factors like guests, switching off fans and lights. a Number of days present in a month. a Seasonal factors like winter or summer

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