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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

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 Montel anticipates using 800 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2 Print Done - X

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