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 3,230 $ 10,194 February 3,100 $ 9,888 March 4,170 $ 12,266 April 2,110 $ 7,807 May 1,100 $ 4,070 June 950 $ 3,515 July 3,190 $ 10,046 August 2,080 $ 7,696 September 4,200 $ 12,290 October 1,060 $ 3,922 November 1,670 $ 6,179 December 2,830 $ 9,241 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 )

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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

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	3,230	$ 10,194
February	3,100	$ 9,888
March	4,170	$ 12,266
April	2,110	$ 7,807
May	1,100	$ 4,070
June	950	$ 3,515
July	3,190	$ 10,046
August	2,080	$ 7,696
September	4,200	$ 12,290
October	1,060	$ 3,922
November	1,670	$ 6,179
December	2,830	$ 9,241

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.)