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. 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.) 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.) 2. What other factors in oddition to occupancy-days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Systematic toctors like guests, switching off fans and ights: Number of days present in a month income taxes paid on hotel income. Seasonal foctors ike winter or summer, Fixed salary paid to hotel receptionist. Hol Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.6 cents per kilometer. If a truck is driven only 70,000kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 3. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.) Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.6 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 3. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Express the variable and fixed costs in the form Y=a+bX. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.) Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.6 cents per kilometer. If a truck is driven only 70.000 kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 3. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. If a truck were driven 87,500 kllometers during a year, what total operating cost would you expect to be incurred? (Do not. round intermediate calculations.) 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. 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.) 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Systematic factors like guests, switching off fans and lights. ? Number of days present in a month. ? income taxes paid on hotel income. Seasonal factors like winter or summer. Fixed saiary pold to botel receptionist. Hol Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.6 cents per kilometer. If a truck is driven only 70,000kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 3. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations,3 Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.6 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX 3. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Express the variable and fixed costs in the form Y=a+bX. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.) Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105.000 kilometers during a year, the average operating cost is 11.6 cents per kilometer. If a truck is driven only 70,000kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 3. If a truck were driven 87,500 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the feet of trucks. (Do not round your intermediate calculations. Round the Varlable cost per kilometer to 3 decimal places.)