Saved 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 January February March April Hey June July August September ictober Hoewer December Occupancy-Days 2,630 2,130 3,640 1.090 1.779 1.750 4.440 3,860 2,170 1.210 1.790 2.950 Electrical Costs $12,783 $12,833 $13,583 5 4,469 $ 7,257 $7,093 $14,854 $13,615 18,897 54.961 57,339 512.013 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.) Varlate cost of elecule F com clicy Derocepane day per month 2. What the factors in addition to occupancy days are sely to affect the variation in electrical costs from month to monith (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 incorrec.)