Blossom, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 510 $240 February 540 $300 March 350 $190 April 440 $200 May 670 $260 June 710 $350 July 300 $170 August 500 $260 September 220 $121 October 740 $320 November 840 $400 December 600 $300 Your answer is correct. Identify the high and low points. Machine Hours High point 340 $ 400 Low point 220 $ 121 Using the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, 1.8. 52.75.) Variable costs 45 per machine hour (b) Your answer is correct. Compute the total fixed cost of electricity. (Round answer to 2 decimal places, es 52.75.) Fixed cost $ 22 eTextbook and Media Accounting (C) c Viewing Accounting x Your answer is incorrect. Questio Accountin Represent the electricity cost function in equation form. (Round answers to 2 decimal places, e s. 52.75.) 22 Total cost-$ XMH+$ 45 Questic Accountin eTextbook and Media Questi Account Attempts: 2 of 3 used Submit Answer Save for Later Questi Account (d) Questi Accountil X Your answer is incorrect Questi Account What is the expected electricity cost when 740 machine hours are used? (Round answer to 2 decimal places, es: 52.75.) Quest Account 324 Total cost $