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The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs...

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The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Occupancy- Electrical Costs $6,750 7,410 $ 7,905 $5,520 $ 2,250 $ 5,490 $ 8,190 $5,100 $ 8,410 $ 6,780 $4,050 $ 870 Days 2,830 3,340 3,650 1,840 750 1,830 3,890 1.700 4,060 2,260 1.350 290 February March April May July September November 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 Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount) Answer is complete but not entirely correct. Occupancy Electrical Days Costs 4,060S High activity leve Low activity level Change 750 3,310 S 8,410 2,250 6,160 91.86per 858 Variable cost Fixed cost element

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