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.) 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. If Battle Company uses 1.290 machine hours in a month, what will its total costs be? 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 cent.) Using the high-low method, the variable utilities cost per machine hour is $ D . 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 $ 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.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fxed cost of utilities each month? 3. Battle Company uses 1,290 machine hours in a month, what will its total costs be? - vanad COSE (SUP) (Round the variable cost to the nearest cent.) Using the high-low method, the variable utilities cost per machine hour is $ . Requirement 2. What is the foxed 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 1,290 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 dolar) The total costs when 1,290 machine hours are used is $ nich uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cos machine hour usage data for the first six months of the year follow to view the data.) Data Table method, answer the following riable utilities cost per machine ed cost of utilities each month? any uses 1,290 machine hours i cost to the nearest cent.) method, the variable utilities co Month January ......$ February .....$ March April......... hat is the fixed cost of utilities el rmining the formula that is used Total Cost 3,430 3,730 3,467 3.770 4,700 4,232 Machine Hours 1,030 1,110 1,010 1,270 1,310 1,460 May.... June ........ $ method, the fixed cost of utilitie Print Done Battle Company uses 1,290 mad sts calculation to the nearest whl fiable cost per unit to two decimal places on 1,290 machine hours are used is $ L