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. Occupancy- Electrical Month Days Costs 3,230 $10,194 January 9,888 February 3,100 March 4,170 $12,266 7,807 Apr 2,110 4,070 May 1,100 3,515 June 950 $10,046 July 3,190 2,080 7,696 August $12,290 September 4,200 3,922 October 1,060 1,670 6,179 November 2,830 9,241 December 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) Occupancy Electrical Days Costs High activity level Low activity level 0 0 Change Variable cost per occupancy-day Fixed cost element