The Cheyenne Hotel in Big Sky , Montana, recorded its total electrical costs and number of occupancy
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Question:
The Cheyenne Hotel in Big Sky Montana, recorded its total electrical costs and number of occupancydays over the last year. An occupancyday 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.MonthOccupancyDaysElectrical CostsJanuary$ February$ March$ April$ May$ June$ July$ August$ September$ October$ November$ December$ .
Required: Using the highlow method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancyday. Note: Do not round your intermediate calculations. Round your Variable cost answer to decimal places and Fixed cost element answer to nearest whole dollar amount.
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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