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Sherri Hess, the manager of the Mini Hotel, desires to know the breakdown of the electric costs between variable and fixed categories. She provides you

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Sherri Hess, the manager of the Mini Hotel, desires to know the breakdown of the electric costs between variable and fixed categories. She provides you with the following information Use the high/low two-point method to: Determine the variable costs per 1 percent of occupancy. Estimate the fixed costs per month. What is the estimated total electric expense at 62 percent occupancy? Why does this differ from the $6, 200 shown above for January

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