Beaches Resort is an all-inclusive resort located in the Caribbean. The business is highly seasonal, with...

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Beaches Resort is an all-inclusive resort located in the Caribbean. The business is highly seasonal, with peaks occuring during spring and late fall. Following is the data for the past year of the resort's total electrical costs and the number of occupancy days. Electrical Costs Occupancy-Days 4, 260 3,650 Month $15,082 $14,112 $13,272 $ 9,030 $ 9,492 $ 6,090 $13,356 $14,532 $ 9,324 $ 6,636 $ 7,098 $11,550 January February March April May 3,160 2,150 2,260 1,450 3,180 3,750 2,220 1,580 1,690 2,750 June July August September October November 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 per occupancy-day per month Fixed cost of electricity Beaches Resort is an all-inclusive resort located in the Caribbean. The business is highly seasonal, with peaks occuring during spring and late fall. Following is the data for the past year of the resort's total electrical costs and the number of occupancy days. Electrical Costs Occupancy-Days 4, 260 3,650 Month $15,082 $14,112 $13,272 $ 9,030 $ 9,492 $ 6,090 $13,356 $14,532 $ 9,324 $ 6,636 $ 7,098 $11,550 January February March April May 3,160 2,150 2,260 1,450 3,180 3,750 2,220 1,580 1,690 2,750 June July August September October November 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 per occupancy-day per month Fixed cost of electricity

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