Jungemann 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:

Jungemann 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.) Requirements Using the high-low method, answer the following questions 1. What is the variable utilities cost per machine hour? Data Table 2. What is the fixed cast of utilities each month? 3. If Jungemann Company uses 1,250 machine hours in a month, what will its total costs be? Requirement 1. What is the variable utilities cost per machine hour? Month Total Cost Machine Hours Let's begin by deternining the formula that is used to calculate the variable cost (slope) $3,450 January 1,090 $3,760 February 1,160 - Variable cost (slope) March.. $3,768 1,080 1,220 May... $4,900 1,340 une $4,508 1.480 PrintDone Choose from any drop-down list and then click Check