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Requirement 3. If Mel anticipates using 1,000 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2. Select the

Requirement 3. If Mel 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. Requirements 1. Use the high-low method to calculate the variable cost per machine hour and the total fixed utility cost. 2. Show the equation for determining the total utility cost for the machine shop. 3. If Mel anticipates using 1,000 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2

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