Business, 05.02.2020 21:42 james169196

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 out 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 february march april may june .. july august september october november december 1,736 1,904 2,356 960 360 744 2,108 2,406 840 124 720 1,364 $4,127 $4,207 $5,083 $2,857 $1,871 $2,696 $4,670 $5,148 $2,691 $1,588 $2,454 $3,529

required:

1. using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. round off the fixed cost to the nearest whole dollar and the variable cost to the nearest whole cent.

2. what other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month?

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The cheyenne hotel in big sky, montana, has accumulated records of the total electrical costs of the...