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) Data Table 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? Month Total Cost Machine Hours 3. If Battle Company uses 1,200 machine hours in a month, what will its total costs be? January $ 3,440 1,030 February $ 3,700 1,120 Requirement 1. What is the variable utilities cost per machine hour? March $ 3,467 1,010 Let's begin by determining the formula that is used to calculate the variable cost (slope) $ 3,730 1,290 Variable cost (slope) May $ 4,300 1370 June $ 4.232 1,460 April Print Done