HW Score: 44.57%, 11 E6-36A (similar to) Question H Tran 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 first six months of the year follo (Click the icon to view the data.) Read the requirements Requirement 1. What is the variable utilities cost per machine hour? Requirements Data Table Let's begin by determining the formula that is used to calculate the variable cost (slope) Change in cost Change in volume Variable cost (slope Month Total Cost Machine Hours (Round the variable cost to the nearest cent) S 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 Tran Company uses 1,290 machine hours in a month, what will its total costs be? 1.090 Using the high-low method, the variable utilities cost per machine hour is January February March 3.480 3.750 $ $ 3,532 1,170 1080 1 230 April 5 3.760 4.600 Print Done $ May June 1.320 1480 5 4192 Print Done