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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. Month January Occupancy-Days 1,736 Electrical Costs $ 4,127 February 1,904 $ 4,207 March 2,356 $ 5,083 Apr11 960 May June 360 744 July 2,108 August 2,406 $2,057 $1,071 $2,696 $4,670 $5,148 September 840 $ 2,691 October 124 November December 720 1,364 $1,588 $2,454 $3,529 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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