Question: Hello. I would appreciate any help possible on this question. Thank you in advance The Cheyenne Hotel in Big Sky, Montana, has accumulated records of

Hello. I would appreciate any help possible on this question. Thank you in advance

Hello. I would appreciate any help possible on this question. Thank you

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 Occupancy-Days Electrical Costa January 540 $ 1, 620 February 3, 810 4, 100 $ 8, 352 March $8,736 April 1, 730 $ 5,190 May 3, 520 $7,968 June 1, 320 $ 3,960 July 3, 420 4, 120 $ 7,668 August September 1, 610 $8,780 $ 4,830 october 830 $ 2,490 November 1, 420 2, 320 $ 4,260 December $6,960 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 Fixed cost of electricity per month 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Systematic factors like guests, switching off fans and lights. Number of days present in a month. Income taxes paid on hotel income. Seasonal factors like winter or summer. OFixed salary paid to hotel receptionist

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