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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 occuiting during the ski season and in the summer. 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 intermedinte colculotions. Round your Vorioble cost answer to 2 decimbl ploces and Fixed cost element answer to nearest whole dollor amount.) 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 ploces and Fixed cost element answer to nearest whole dollar amount.) 2. What other factors in addition to occupancy days ate likely to affect the variation in electrical cosis from month to month? (You moy select more than one onswer. Single click the box with the question mork to produce a check mark for a correct answer and double elick the box with the question mork to empty the box for a wrong onswer. Any boxes left with o quespion mark will be outomaticolly groded os incorrect.) 7 Seosonal factors loke witter or sumnec ? Systematic factors like gunsts, switching off fans and lights ? Number of doys present in a month ? Fixed selary paid to hote receptionist. ? income taves peid on hotal income

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