Exercise 2-31 Fixed, Variable, Marginal, and Average Costs; Hotel {LO 2-1, 2-8, 2-10] {The following infomarion applies to the questions displayed below] A hotel pays the phone company $200 per month plus $0.35 for each call made. During January 8,000I calls were made. In February 4,000 calls were made. Exercise 2-31 Par: 1 Required: 1. Calculaie the hotel's phone bills for January and February. Exercise 2-31 Part 2 2. Calculate the cost per phone call in January and in February. (Round your answers to 3 decimal places.) Cost per Phone Call January FebruaryExercise 2-31 Part 3 3. Separate the January phone bill into its fixed and variable components. January Fixed component Variable component TotalExercise 2-31 Pan: 4 4. What is the marginal cost of one additional phone call in January? {Round your answer to 2 decimal places.) _:| Exercise 2-31 Part 5 5. What was the average cost of a phone call in January? (Round your answer to 3 decimal places.) Average cost