Bates Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? X Data Table 3. If Bates Company uses 1,200 machine hours in a month, what will its total costs be? Month Total Cost Machine Hours $ 1,080 3,420 3.760 3,388 $ $ 1,160 Requirement 1. What is the variable utilities cost per machine hour? Let's begin by determining the formula that is used to calculate the variable cost (slope). Variable cost (slope) (Round the variable cost to the nearest cont.) Using the high-low method, the variable utilitles cost per machine hour is Requirement 2. What is the fixed cost of utilities each month? Let's begin by determining the formula that is used to calculate the food cost component. Fixed cost January February March April May June $ 3.780 4,000 1.030 1.230 1,360 1,460 $ $ 4.076 Print Dono Uning the high-low method, the fixed cost of utilities each month is $ Requirement 3. Batos Company uses 1.200 machine hours in a month, what will its total costs bo? (Round the variable cost per unit to two decimal places and round your total costs calculation to the nearest whole dollar) The total costs when 1.200 machine hours are used is $