Mark owns a machine shop. In reviewing the shops utility Bills for the past 12 months, he found that the highest bill of 2600 occurred in August when the machines worked 1200 machine hours. the lowest utility bill of 2300 occurred in December when the machines worked 600 machine hours. Requirements

Requirement one: use the high low method to calculate the variable cost per machine hour in the total fix utility cost. First, Calculate the variable. Select the formula labels, Then enter the amounts and Compute the variable cost per machine hour.

th E Requirements Use Use the high -low method to calculate the variable cost per machine hour and the total fixed utility cost 1. 2. Show the equation for determining the total utlity cost for the machine shop. 3. If Mark anticipates using 800 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2 Print Done