variable cost per unit processed? Show your computations EXERCISE 3-3 High-Low Method [L03] The Cheyenne Hotel in Big Sky. Montana, has accumulated records of the total electrical the hotel and the number of occupancy-days over the last year. An occupancy-day represen room rented out for one day. The hotel's business is highly seasonal, with peaks occurring the ski season and in the summer Month Occupancy-Days 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 March May June.. 360 ...744 _... September October. November... . 720 December. . . . 364 .84 ...124 Required: Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. Round off the fixed cost to the nearest whole dollar and the variable cost to the nearest whole cent. 2. What other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month