Exercise 2-9 Crane, Inc., has collected the following information on its cost of electricity: Machine Hours 520 540 350 460 680 710 330 540 260 740 860 600 Total Electricity Costs $250 $290 $190 $210 $270 $350 $160 $250 $132 $330 $360 $330 January February March April une July August September October November December Using the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, e.g. 52.75.) Variable cost $ per machine hour LINK TO TEXT LINK TO VIDEO Compute the total fixed cost of electricity. (Round answer to 2 decimal places, e.g. 52.75.) Fixed cost $ LINK TO TEXT LINK TO VIDEO Represent the electricity cost function in equation form. (Round answers to 2 decimal places, e.g. 52.75.,) Total cost-$ LINK TO TEXT LINK TO VIDEO What is the expected electricity cost when 740 machine hours are used? (Round answer to 2 decimal places, e.g. 52.75.) Total cost $ Click if you would like to Show Work for this question: Open Show Wo