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The Cheyenn e Hotel in Big Sky. Montana, has accumulated records of the total electrical costs of the hotel and the number of cupancy-days over

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The Cheyenn e Hotel in Big Sky. Montana, has accumulated records of the total electrical costs of the hotel and the number of cupancy-days over the last year. An occupancy-day represents a room rented for one day. The hote's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Electrical Costs $1,620 $8,352 $8,736 $5,190 $7,968 $3,960 $7,668 $8,78e $4,830 $2,49e $4,26e $6,960 Occupancy-Days 548 3,81e 4,10e 1,730 3, 52e 1,320 3,420 4,120 1,610 830 1,42e 2,320 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day (Do not round your intermediat answer to nearest whole dollar amount.) your Variable cost answer to 2 decimal places and Fixed cost elemen per occupancy-day Variable cost of electricity Next >

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