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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 February March 430 Occupancy-Days Electrical Costs 3.560 56.573 3.420 $ 6,209 4,120 57.022 1.990 $5.174 $1.118 1,750 $4,550 3,690 $6,687 3,970 $ 6,968 1.950 $ 5,070 1.450 $ 3.770 2.050 $5.330 $ 5,980 August September October November December 2.300 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.) per occupancy day Variable cost of electricity Fixed cost of electricity per month

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