Battle Company, which uses the high-low method to analyze cost behaviour, 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 E (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? 3. Il Battle Company uses 1200 machine hours in a month what will its total costs be? Requirement 1. What is the vanable utilities cost per machine hour? Determine the formula that is used to calculate the variable cost (slope) Choose the correct answer below A Total operating cost - Total variable cost = Variable cost (slope) Change in volume. Change in cost = Variable cost (slope) C Highost cost-Highost volume = Variable cost (slopo) Lowest cost Lowest volume = Variable cost (slope) Change in cost-Change in volume - Variable cost (slope) Using the high-low mothod the variable utilities cost per machine hour is S (Round the variable cost to the nearest cent.) Data Table Month Total Cost Machine Hours 2.930 900 January...... S February.. 3.700 March .... S 3 450 1090 April S 3.700 1250 May . S 4 200 1.390 June 4.550