1 Exercise 5A-1 (Algo) High-Low Method [LO5-10] 2.5 points 15 Check my work 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 for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy- Days Electrical Costa He 2,640 February 2,860 March April 2,420 2,090 References June July 4,470 4,020 $13,200 $14,300 $ 4,900 $ 12,100 $10,450 $18,860 17,160 August 3,940 $ 16,760 September 1,630 $8,150 October 1,090 November 1,390 2,910 $5,450 $ 6,950 $ 14,550 December 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.) Variable cost of electricity Fixed cost of electricity per occupancy day per month