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The hotel manager desires to know the breakdown of the electric costs between variable and fixed categories. The following information was provided: Month Electric Expenses

The hotel manager desires to know the breakdown of the electric costs between variable and fixed categories. The following information was provided:

Month Electric Expenses Occupancy Percentage
January $6,200 62%
April 6,600 68%
August 7,200 78%
December 5,500 50%

Using the high/low method, determine the following:

Variable costs per 1 percent of occupancy.

Estimated fixed costs per month.

Estimated total electric expense at 62% occupancy.

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