Coughlin 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 I months of the year follow (Click the icon to view the data) Read the requirements 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) (Round the vanatle cost to the nearest cent) Variable cost (slope) Using the high-low method, the variable ties 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 foxed cost component Fixed cost Using the high-low method, the fixed cost of utilities each month is Requirement 3. 11 Coughlin Company uses 1.250 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 reanest whole d The total costs when 1.250 machine hours are used is Time Remaining: 04 50.47 Ne hru 6 Question 31 of 32 This test: 10U point(s) possible This question: 6 point(s) possible 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 usag Data table cost per machine hour? Month Total Cost Machine Hours s used to calculate the variable c January $ 3,480 1,090 February $ 3.730 1,130 Variable co March $ 3,532 1,080 2) April S 3,760 1.290 ities cost per machine hour is May $ 4,000 1.380 tilities each month? June $ 4,192 1,480 is used to calculate the fixed cost Fixed cost of utilities each month is 5 1.250 machine hours in a month, are used is Print Done - X places and round your total costs calculation to the Time Remaining: 0