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The Cheyenne Hotel in Big Sky , Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy -

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 hotels business is highly seasonal, with peaks occurring during the ski season and in the summer.
Month Occupancy-Days Electrical Costs
January 3,290 $ 16,450
February 3,160 $ 15,800
March 1,800 $ 9,000
April 4,430 $ 18,500
May 970 $ 4,850
June 1,650 $ 8,250
July 4,150 $ 18,020
August 4,160 $ 18,070
September 2,050 $ 10,250
October 1,110 $ 5,550
November 780 $ 3,900
December 2,810 $ 14,050
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 intermediate calculations. Round your Variable cost answer to 2 decimal
places and Fixed cost element answer to nearest whole dollar amount.
Variable cost of electricity______ per occupancy-day
Fixed cost of electricity________ per month

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