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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-days over the

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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-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal with peaks occurring during the ski season and in the summer. Occupancy-Days Electrical Costa 2,830 February 3,340 March Month JAREY Apri Hay July ugust September October November December 3.650 1.340 750 1.030 3.390 1.700 1.060 2,260 1,350 290 $ 6,750 $.7. 110 6.7.905 $ 5,520 $ 2,250 $5.490 $3,190 $.5.100 $8.410 $6,780 5.1.050 370 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 electeity Fored cost of electricity per occupancy day per month 2. What other factors in addition to occupancy days are likely to affect the variation in slectrical 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 click the box with the question mark to empty the box for wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Systematic factors le guests, switching of fans and lights Number of days present in a month

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