1 Exercise 6A-1 (Algo) High-Low Method [LO6-10) 3.75 Jam 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 Depancy Dectrical Honth Days Cost 3,030 39,014 3.00 59.24 March > $ 11,00 1,00 May 1. Tume 2,110 July 650 57,40 311, September 1,900 October 31, 4.610 $ 12,918 love 1. Dube 35,000 Required: 1. Using the high low method estimate the feed cost of electric 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.) . Varastofa costo uncy day 2. What other factors in addition to occupancy.days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Systematic factors like guests, switching off fans and lights 2 Number of days present in a month 2 Income taxes paid on hotel income 2 Seasonal factors like winter of Summer 2 Food salary paid to hotel receptionist