This paper circulates around the core theme of What other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
EXERCISE 2–4 High-Low Method [LO4] The Edelweiss Hotel in Vail, Colorado, has accumulated records… 1 answer below » EXERCISE 2–4 High-Low Method [LO4] 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 hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. View complete question » Month Occupancy- Days Electrical Costs January . . . . . . . . . 2,604 $6,257 February . . . . . . . . 2,856 $6,550 March . . . EXERCISE 2–4 High-Low Method [LO4] 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 hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy- Days Electrical Costs January . . . . . . . . . 2,604 $6,257 February . . . . . . . . 2,856 $6,550 March . . . . . . . . . . . 3,534 $7,986 April . . . . . . . . . . . 1,440 $4,022 May . . . . . . . . . . . . 540 $2,289 June . . . . . . . . . . . 1,116 $3,591 July . . . . . . . . . . . . . 3,162 $7,264 August . . . . . . . . . 3,608 $8,111 September . . . . . . 1,260 $3,707 October . . . . . . . . . 186 $1,712 November . . . . . . . 1,080 $3,321 December . . . . . . . 2,046 $5,196 Required: 1. 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. 2. What other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month? View less » Dec 07 2015 05:40 PM
