136 points t Exercise 6A-1 (Algo) High-Low Method [LO6-10] 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. eBook Month January Occupancy Days Electrical Costs 3,180 $6,510 February 2,920 $6,261 05 March April 3,700 $ 7,392 2,160 $ 5,569 Hint May 650 $1,020 June 2,050 July 4,050 $5,261 $7,829 Print 14 August 4,070 $ 7,096 September 1,700 October 570 $ 4,904 $1,596 November December 1,500 2,680 $ 4,424 $ 5,908 References 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