2

Matthes owns a machine shoo. In reviesing the shop's utily bas for the past 12 months, he found that the highest bil of $2.700 occurted in August when tre michiens worked 1.500 machine hours. The lowest utilty bil of $2,500 ocoumed in December when the machines worked 1,000 machine hours Read the lecultements Requirement 1, Une the Wighlow method to caloulate the varable cost per machine hour and the total fxed usity cont Fint, calculate the variable cont per machine hour. Select fee formula labels, then enter the amouns and compule the variable cost per machine bour. (Une the high-iow method. Flound your anwwer to the nearest cent) Requirements 1. Use the high-low method to calculate the variable cost per machine hour and the total fixed utility cost. 2. Show the equation for determining the total utility cost for the machine shop. 3. If Matthew anticipates using 1,200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2