Blacken Company manufactures motorcycles. The company's management accountant wants to caiculate the fixed and variable costs associated with utility cost incurred by the factory. Data for the past six months were collected. Mo_nth myLst Machine hours March $30,255 2,200 April 32,750 2,525 May 34,712 2,710 June 31,350 2,410 Juiy 30,720 2,290 August 29,980 2,150 Required: ) A. Using the highelow method, calculate the variable rate per machine hour for the utility cost. Round your answer to two decimal places. '- W per machine hour B. Using the highiiow method, calculate the fixed cost of utilities. Round the answer to two decimal places. -. 11,812.50 v/ C. Construct a cost formula for total utility cost. Round fixed cost to the nearest dollar and variable cost to two decimal places. Total utility cost = Fixed cost + Variable cost : '. 11,812.50 X + (_- V/ per hour x Number of machine hours) D. Estimate the cost of utilities if 2,425 machine hours are used. Round the answer to the nearest dollar. '. 32,303.75 X