Meyer Company, which uses the high low method to analyze cost behaviour, has determined the machine hours best predict the company's totales cost the company's cost and machine hour usage data for the Tonths of yow Click the icon to view the data. Requirements Data Table Using the Hightow method answer the following question 1. What is the variables cost per machine hour? 2 Wat is the found out of its och month Mwyer Companys 1.210 machine hors in a month, what we cose? Month Total Cost Machine Hours 3.00 1.020 FURY 5 3.700 1,500 tuming the form the there coupe March $ 3440 1065 Vanatico April 3.700 May 4400 123 Uurwood, the cost per machine hos Round the variable cost to the nearest cant) June 5 160 Requirement. What the the cost of teach month en temel that is used to calculate the found cont component Print Done Dedeo down and then continue to the next question Meyer Company, which uses the high-low method to analyze cost behaviour, has determined that machine hours best predict the company's tota 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. il Mayer Company uses 1,210 machine hours in a month, what will its total costs be? Requirement 2. What is the foxed cost of utilities each month? Let's begin by determining the formula that is used to calculate the fixed cost component. Fixed cost Using the high-low method, the fixed cost of utilities each month is $(Round the total variable costs to the nearest whole dollar.) Requirement 3. If Meyer Company uses 1.210 machine hours in a month, what will its total costs be? This total couts when 1.210 machine hours are incurred is $(Round your interim and final calculations to the nearest whole dollar.) from any drop-down list and then continue to the next