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The Cheyenne 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

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The Cheyenne 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. Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of January February March April May June July August Septenber October November 540 3,810 4,100 1,730 3,520 1,320 3,420 , 120 1,610 830 1,420 2,320 $ 1,620 $ 8,352 8,736 $5,190 7,968 3,960 7,668 s 8,780 $ 4,830 s 2,490 4,260 $6,960 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 Varlable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity permonth 2. What other factors in addition to occupancy-days are likely to affect the varlation 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.) LJ Systematic factors like guests, switching off fans and ights Number of days present in a month 2 income taves paid on hotel income. 12 7 Seasonal factors like winter or summer 17 Fixed salary paid to hotel receptionist

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