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 Electrical Costs $16,450 $15,800 $ 9,000 $18,500 $ 4,850 $ 8,250 $18,020 $18,070 $10,250 S 5,550 $ 3,900 $14,050 Occupancy- Month January February March Days 3,290 3,160 1,800 4,430 970 1,650 4,150 4,160 2,050 1,110 780 2,810 ril June Lu August September October November 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 Days Electrical Costs High activity level Low activity level Change Variable cost per occupancy-day Fixed cost element