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(The following information applies to the questions displayed below) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in

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(The following information applies to the questions displayed below) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns Accordingly, the following data have been compiled: Month January February March April May June July August September October November December Rental Returns 2,500 2,500 2,800 3,100 3,700 5,200 5,600 5,700 4,800 4,900 2,300 3,100 Car Wash Costs $ 11,800 $ 13,500 $ 12,600 $ 15,500 $ 17,000 $ 24,900 $ 23,000 $ 24,200 $ 23,600 $ 23,500 $ 11,500 $ 17,000 May He June July Che August September October November December 3,520 1,320 3,420 4,120 1,610 830 1,420 2,320 $ 7,968 $ 3,960 $ 7,668 $8,780 $4,830 $ 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, (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost elem answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity per occupancy day per month

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