Check my work Exercise 5A-1 High-Low Method [LO5-10] 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. Month January February March April May June July August September October November December Occupancy-Days 3,000 850 4,430 1.470 3,650 1, 120 3,910 3,840 1,900 1,090 2,040 2,990 Electrical Costs $15,000 $ 4,250 $18,570 $ 7,350 $18, 250 $ 5,600 $17,425 $17, 288 $ 9,500 $ 5,450 $10,200 $14,950 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity pe occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal placer and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity ed cost of electricity f $4430.00 per occupancy day $ 18.570 per month ey 10 of 12 Next >