Return to question Exercise 5A-1 (Algo) High-Low Method [LO5-10] 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. Month Occupancy- Days Electrical Costs January 3,030 $9,044 February 3,080 $ 9,234 March 3.980 April 1,630 MAY 1,270 June 2,110 July 650 $11,913 56,194 $4,826 $ 0,010 $ 2,470 August 3,690 5 11,552 September 1,960 $7,448 October 4,410 $ 12,998 November 1,600 2,230 December Required: $6,000 5,474 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.)