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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

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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 Occupancy-Days Electrical Costs January 3, 000 $15, 000 February 850 $ 4, 250 March 4, 430 $18, 570 April 1, 470 $ 7, 350 May 3, 650 $18, 250 June 1, 120 $ 5, 600 July 3,910 $17 , 425 August 3, 840 $17, 288 September 1,900 $ 9, 500 October 1, 090 $ 5, 450 November 2, 040 $10, 200 December 2, 990 $14 , 950 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 nt answer to nearest whole dollar amount.) ences Variable cost of electricity per occupancy-day Fixed cost of electricity per month

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