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). Data table Month Total Cost Machine Hours JanuaryS 3,430 1,000 February $ 3,780 1,130 Variable cost (slope) March $ 3,768 1,080 April 3,700 1,280 May S 4,700 1,390 June $ 4,508 1.480 (Round the variable cost to the nearest cent.) Using the high-low method, the variable utilities cost per machine hour is Requirement 2. What is the fixed cost of utilities each month? Let's begin by determining the formula that is used to calculate the fixed cost component Fixed cost Print Done Using the high-low method, the fixed cost of utilities each month is Requirement 3. if Jackson Company uses 1,230 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 dollar.) The total costs when 1,230 machine hours are used is