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. Month Electrical Costs Occupancy- Days January 2,640 $ 13,200 February 2,860 March 980 $ 14,300 $ 4,900 April 2,420 $ 12,100 May 2,090 $ 10,450 June 4,470 $ 18,860 July 4,020 $ 17,160 August 3,940 $ 16,760 September 1,630 $ 8,150 October 1,090 $ 5,450 November 1,390 $ 6,950 December 2,910 $ 14,550 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy- day. Note: 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 Fixed cost of electricity per occupancy-day per month 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? Note: 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 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 paid on hotel income. Seasonal factors like winter or summer. Fixed salary paid to hotel receptionist.