Mickey owns a machine shop. In reviewing the shop's unity bills for the past 12 months, he found that the highest bit of $2.800 occurred in August when the machines worked 1.400 machine hours. The lowest utility bill of $2.800 occured in December when the machines worked 000 machine hours Read the eurement Requirement 1. Use the high-low method to calculate the vanable cost per machine hour and the total fixed it cost Fint, calculate the variable cost per machine hour. Select the formula labels, then enter the amounts and compute the variable cost per machine hour (Use the high-low method Round your answer to the Variate cost per machin Calculate the total fixed cost. Select the formule labels, then enter the amounts and compute the total fixed cost. (Use the highest point) Requirement 2. Show the equation for determining the total unity cost for the machine shop Totality cost Requirement 3. If Mickey anticipates using 1.200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2 Select the items needed and compute the shop's total utility bill predicted for January Time Remaining: 01/42:44 Next