Battle 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) Read the requirements. 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) (Round the variable cost to the nearest cent) =Variable cost (slope) Using the high-low method, the variable utilities 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 fixed cost component. Fixed cost Using the high-low method, the fixed cost of utilities each month is Requirement 3. If Battle Company uses 1,240 machine hours in a month, what will its total costs be? (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 1.240 machine hours are used is 12 able u Data table rmula Month Total Cost Machine Hours January $ 3,400 1,050 meares February $ 3,700 1,110 March $ 3,388 1,030 variabl April ....... $ 3,720 1,280 ed cos May $ 69 4,500 1,350 rmula June ...... $ 4,076 1,460 fixed any us s calc chine hours are used is - X Print Done variable cost