| Month |
Occupancy-
Days
|
Electrical
Costs |
| January |
3,410 |
$ |
13,889 |
| February |
3,250 |
$ |
13,008 |
| March |
4,470 |
$ |
15,158 |
| April |
1,940 |
$ |
8,342 |
| May |
1,050 |
$ |
4,515 |
| June |
450 |
$ |
1,935 |
| July |
3,270 |
$ |
13,094 |
| August |
4,510 |
$ |
15,333 |
| September |
1,350 |
$ |
5,805 |
| October |
1,640 |
$ |
7,052 |
| November |
1,860 |
$ |
7,998 |
| December |
2,970 |
$ |
12,578
|
Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day?
What other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month?