The Cheyenne Hotel in Big Sky, Montana, recorded its total electrical costs and 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 January February March April May June July August September October November December Occupancy- Days 1,736 1,904 2,356 960 360 744 2,108 2,406 840 124 720 1,364 Variable cost of electricity Fixed cost of electricity Electrical Costs $ 4,127 $ 4,207 $ 5,083 $ 2,857 $ 1,871 $ 2,696 $ 4,670 $ 5,148 $ 2,691 $ 1,588 $ 2,454 $ 3,529 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. Note: 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 per month 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? Note: You may select more than one answer. Single click the box with the question mark to

The Cheyenne Hotel in Big Sky, Montana, recorded its total electrical costs and 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. Note: 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? Note: You may select more than one answer. Single click the box with the question mark to