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 for one day. The hotel's business is highly

seasonal, wlth peaks occurring during the skl season and in the summer.

Requlred:

Using the high$-$low method, estimate the fixed cost of electricity per month and the varlable cost of electricity per

occupancy$-$day. $($Do not round your Intermedlate calculations. Round your Varlable cost answer to $2$ decimal places and

Flxed cost element answer to nearest whole dollar amount.$)$

What other factors in addition to occupancy$-$days are IIkely to affect the varlation in electrical costs from month to month?

$($You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct

answer and double cllck the box with the question mark to empty the box for a wrong answer. Any boxes left with a

question mark will be automatically graded as Incorrect.$)$

Systematic factors like guests, switching off fans and lights.

Number of days present in a month.

Income taxes pald on hotel income.

Seasonal factors like winter or summer.

Fixed salary pald to hotel receptionist.