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Question Completion Status: Schultz Company, which uses the high-low method to analyze cost behaviour, has determined that machine hours best predict the company's total utilities

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Question Completion Status: Schultz Company, which uses the high-low method to analyze cost behaviour, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: Month Total Cost Machine Hours January $3,420 1,090 February 3,720 1,160 March 3,590 1,040 April 3,760 1,200 May .... 4,600 1,310 June 4,086 1,440 Using the high-low method, answer the following questions: (SHOW YOUR WORK) What is the variable utilities cost per machine hour? What is the fixed cost of utilities each month? If Schultz Company uses 1,300 machine hours in a month, what will its total costs be

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