owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $ 2800 occurred in August when the machines worked 1200 machine hours. The lowest utility bill of $ 2600 occurred in December when the machines worked 800 machine hours.

Requirement 1. Use the high-low method to calculate the variable cost per machine hour and the total fixed utility cost First, calculate the variable cost per machine hour. Select the formula labels, then enter the amounts and compute the variable cost per machine hour. (Us Variable cost per machine hour Calculat et tatred cost Sel tteformulalabe.thenemarthe anounts and compite the tota" ed cost (u..theww-) Total fixed cost Requirement 2. Show the equation for determining the total utility cost for the machine shop Total utility cost Requirement 3. If Montel anticipates using 1,000 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. -X Requirements Use the high-low method to calculate the variable cost per machine hour and 1. the total fixed utility cost. 2. Show the equation for determining the total utility cost for the machine shop. 3. If Montel anticipates using 1,000 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2. Print Done