Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utlities 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 Coughlin Company uses 1.230 machine hours in a month, what will its total costs be? Requirement 1. What is the variable utilities cost per matchine hour? Let's begin by determining the formula that is used to calculate the variable cost (slope) 1 = Variable cost (slope) s best jh-low me usage d A Data Table Month Total Cost Machine Hours he followin per machir pach month machine 1,090 1,160 January ......$ 3,470 February .....$ 3,780 March A......$ 3,500 April .........$ 3,780 May .........$ 4,300 June ........$ . 4,200 e utilities col 1,000 1,260 1,330 1,400 ula that is us ontmont Print Done Done number in (Round the variable cost to the nearest cent.) the other cit per part de toutes - Using the high-low method, the variable utilities cost per mac ne hour is $ 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 $ Using the high-low method, the fixed cost of utilities each month iss Requirement 3. If Coughlin Company uses 1,230 machine huis 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 dollar) The total costs when 1.230 machine hours are used is $