Required information Exercise 2-31 Fixed, Variable, Marginal, and Average Costs; Hotel (LO 2-1, 2-8, 2-10) [The following information app/ies to the questions displayed be/0W.] A hotel pays the phone company $400 per month plus $0.45 for each call made. During January 7,000 calls were made. In February 5,000 calls were made. Exercise 2-31 Part 1 Required: 1. Calculate the hotel's phone bills for January and February. Phone Bill February