Jungemann Company, which uses the high-low method to analyze cost behavior has determined that machine hours best predid the company's totales 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) Requirements 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. Jungmann Company uses 1,280 machine hours in a month, what will is total costs bo? 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) Month Machine Hours 1,070 $ $ January February March April. May Total Cost 3,410 3,730 3,388 3,750 4,000 4,076 $ 1,170 1,030 1,220 1,330 1,460 June