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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

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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 Costs $5,100 $1,450 Month January 2,620 February 580 March 4,080 $ 6,575 April 2,000 $5,000 May 2,880 June 1,750 July 3,430 August 940 $5,750 $4,375 $ 5,965 $2,350 September 1,570 $ 3,925 October 4,320 $ 7,060 November 1,210 $3,025 December 2,740 Required: $5,400 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 Food cost of electricity per occupancy-day per month

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