Score: 0 of 1 pt 3 of 9 (2 complete) HW Score: 19.55%, 1.95 of 10 pts E6-34A (similar to) Question Help Smith Company, which uses the high-low method to analyze cost behavior, 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 BE! (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the foxed cost of utilities each month? 3. If Smith Company uses 1,230 machine hours in a month, what will its total costs be? Requirement 1. What is the variable utilities cost per machine hour? Let's begin by determining the formula that is used to calculate the vanable cost (slope) = Varable cost (slope) Choose from any drop-down list and then click Check Answer 4 parts Check Answer 4 remaining 3 of 9 (2 complete) HW Score: 19.55%, 1.95 of 1 imilar to) Question Help my, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The est and machine hour usage data for the first six months of the mos follow icon to view the data) 0 Data Table ugh-low method, answer the following the variable utilities cost per machin the fixed cost of utilities each month th Company uses 1,230 machine hour Month Total Cost Machine Hours 1.050 ent 1. What is the variable utilities cos by determining the formula that is us January ... $ February $ March ......$ April. .--. $ 3,480 3.720 3,500 3,790 4.000 4.200 1.130 1,000 1.200 1,350 1,400 May June Print Done rom any drop-down list and then clid Clear All Check Answer lining