Exercise $5$A$-1($Algo$)$ High$-$Low Method $[$L$05-10]$

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.

Required:

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.$)$