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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

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 out 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 3,030 $ 9,044
February 3,080 $ 9,234
March 3,980 $ 11,913
April 1,630 $ 6,194
May 1,270 $ 4,826
June 2,110 $ 8,018
July 650 $ 2,470
August 3,690 $ 11,552
September 1,960 $ 7,448
October 4,410 $ 12,998
November 1,600 $ 6,080
December 2,230 $ 8,474

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)

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