The Cheyenne Hotel in Big Sky, Montana, recorded its total electrical costs and number of...
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Accounting
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.
Month OccupancyDays Electrical Costs
January $
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.
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