Jackson, Inc., is preparing a budget for next year and requires a breakdown of the cost of steam used in its factory into fixed and variable components. The following data on the cost of steam used and direct labor hours worked are available for the last six months: Cost of Steam: July = $15,850; August = $13,400; September = $16,370; October = $19,800; November = $17,600; December = $18,500 Direct Labor-Hours: July = 3,000; August = 2,050; September = 2,900; October = 3,650; November = 2,670; December = 2,650 If Jackson uses the high-low method of analysis, the estimated variable cost of steam per direct labor hour would be: $4.00 $5.42 $5.82 $6.00 must show work