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The edelweiss hotel in vail, colorado, has accumulated records of the

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The Edelweiss Hotel in Vail, Colorado, 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 hotels business is highly seasonal, with peaks occurring during the ski season and in the summer.

 

 

Month                              Occupancy Days                  Electrical Cost

 

Jan                                   2604                                    $6257

Feb                                   2856                                    $6550

March                               3534                                    $7986

April                                 1440                                     $4022

May                                   540                                     $2289

June                                1116                                      $3591

July                                  3162                                      $7264

August                              3608                                      $8111

September                         1260                                    $3707

October                             186                                      $1712

November                         1080                                      $3321

December                        2046                                       $5196

 

 

 

Required:

 

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.

 

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