BRIEF EXERCISE 6-2 Applying the High-Low Method (LO2-CC9) The Royal Canadian Lodge in Banff, Alberta, 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 room rented out for one day. The hotel's busines is highly seasonal, with peaks occurring during the ski season and in the summer. Month Electrical Costs Occupanc-Days W 1736 January 54,127 February 1407 3.207 March 2.555 5.210 Apri 960 2857 May 630 2871 June 744 2696 July 2.108 4,670 August 1.406 3.148 September 4BC 1.391 October 230 1490 920 2454 November December 1364 3.529 Required: 1. Using the high-low method estimate the fixed cost of electncity per month and the variable cost of electricity per occupancy du: Round the fixed cost to the nearest bole doll and the variable cost to the seatest whole ceat 2. What factors other than occupancy days are likely to afect the moothly antonia diettrical coas