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You own a small, family hotel and are attempting to estimate costs for the upcoming month and in doing so, you have decided to take
You own a small, family hotel and are attempting to estimate costs for the upcoming month and in doing so, you have decided to take a look at the previous 12 months: Rooms rented Utility costs January 780 $4,680 February 725 $4,425 March 846 $4,907 April 867 $5,016 May 984 $5,658 June 1,007 $5,740 July 1,111 $6,310 August 1,090 $6,350 September 956 $5,742 October 1,030 $5,890 November 721 $4,438 December 810 $4,987 1. Using the High-Low method, estimate your variable cost per night per room rented (1 pt) Using the same information from above, calculate the "fixed" portion of your monthly utility bill 3. You estimate that you will rent 905 rooms in the upcoming month of January, using your answers in the first two questions, what is your estimated utility bill for January ? (1 pt)
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