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The edelweiss hotel in vail colorado has accumulated records

27/11/2021 Client: muhammad11 Deadline: 2 Day

The Edelweiss Hotel In Vail, Colorado, Has Accumulated Records Of The Total Electrical Costs Of The Hotel And The

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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