Oriole, Inc., has collected the following information on its cost of electricity:

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Exercise 2-9 Oriole, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 510 $240 February 540 $300 March 370 $190 April 460 $200 May 660 $260 June 700 $330 July 310 $160 August 510 $260 September 220 $123 October 730 $330 November 840 $340 December 600 $310 Using the high-low method, compute the variable cost of electricity per machine hour. Variable cost $ per machine hour Compute the total fixed cost of electricity. Fixed cost $ Represent the electricity cost function in equation form. Total cost = $ x MH + $ What is the expected electricity cost when 730 machine hours are used? Total cost $