Jackson 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 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). - Variable cost (slope) (Round the variable cost to the nearest cont.) Using the high-low method, the variable utilities cost per machine hour is Requirement 2. What is the fixed cost of utilities ench 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 cont of unities each month Requirement 3. If Jackson Company uses 1.270 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 nearest whole dolor The total costs when 1.270 machine hours are used is Cho Choose from any list or enter any number in the input fields and then continue to the next question Month Total Cost Machine Hours $ 3,440 1,080 January..... February . ....$ 3,760 1,180 March 3,467 1.010 April $ $ $ 3,780 1,200 May 4,400 1,330 June $ 4,232 1,460 Print Done oun s are used is Der in the input fields and then entinus