The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the numbe

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The Cheyenne Hotel In Big Sky Montana Has Accumulated Records Of The Total Electrical Costs Of The Hotel And The Numbe 1 (28.46 KiB) Viewed 43 times

The Cheyenne Hotel In Big Sky Montana Has Accumulated Records Of The Total Electrical Costs Of The Hotel And The Numbe 2 (16.94 KiB) Viewed 43 times

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 hotels business is highly seasonal with peaks occurring during the ski season and in the summer Occupancy Electrical month Days Costs January 2.710 $ 5,270 February 3.600 $ 6,205 March 360 $ 2.150 April 2.170 $4,350 May 4,200 5 7.160 June 1,530 $ 3.825 July $ 7,050 August 4,060 $6,935 September $ 4,000 Oktober 1.160 $ 2,00 ber $3,025 December $ 4,910 1. 1,210 2,450 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 onswer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Valth cost of electricity Food cost of electricity per occupancy-day per month
2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? [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 incorrect) Systematic factors the guests, swaching off fors and lights Number of days present in a month 2 Income Taxes paid on hotel income 2 Seasonal factors like winter or summer 2 Fixed salary paid to hotel receptionist