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 January Occupancy-Days 2,630 Electrical Costs $10,783 February 3,130 $12,833 March 3,640 $13,583 April 1,090 $ 4,469 May June 1,770 $ 7,257 1,730 $ 7,093 July 4,440 August 3,860 September 2,170 $14,854 $13,815 $8,897 October 1,210 $4,961 November 1,790 $ 7,339 December 2,930 $12,013 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 electricity Fixed cost of electricity per occupancy-day per month Prev 1 of 5 Next >