Googlish Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows.

Month	Machine Hours Worked				Utilities Cost
April		4,750				9,810
May		4,700				9,690
June		7,000				11,225
July		8,000				12,400

Googlish anticipates producing 5,500 units in August, each unit requiring 3.0 hours of machine time. The company uses the high-low method to analyze costs. Required: A. Calculate the variable and fixed components of the utilities cost. B. Using the data calculated above, estimate the utilities cost for August. C. Compare the high-low method versus the visual-fit method with respect to (1) number of data observations used in the analysis and (2) objectivity of the results