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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 Month January 2,640 $ 13,200 February 2,860 $ 14,300 March 980 $ 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 December 1,390 $ 6,950 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. (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

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