Question: please answer all the question. only then i will upvote James Smith the CFO of the Hamilton Hotel began his analysis of the electrical costs

James Smith the CFO of the Hamilton Hotel began his analysis of the electrical costs by collecting costs and activity data for a number of months. He is trying to determine the fixed and variable make up of this mixed cost. Electrical costs $ The data is outlined as follows: Month Activity Level/Occupancy days J 2,600 F 2,850 M 3,530 1,440 M 540 3 1,120 6,260 6,550 8,000 4,000 2,300 3,600 3,160 3,610 1,260 7,300 8,100 3,700 1.773 3,320 5,200 190 N 1,080 2,050 D 1). Using the high-low method to determine the fixed and variable components of the electrical costs 2). Express the fixed and variable components for electrical costs as a cost formula in the form Y = a +bx or total costs = fixed costs + variable costs Hi-Lo formula Variable Cost/unit = (High activity cost - Low activity cost) / (High activity level - Low activity level) Define: a). Prime costs, b). Conversion costs, c). Cost Driver
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