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The following information is available for a company's utility cost for operating its machines over the last four months. Month January February March April Machine

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The following information is available for a company's utility cost for operating its machines over the last four months. Month January February March April Machine hours 1,070 1,970 2,740 770 Utility cost $5,620 $7,240 $8,100 $3,890 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $5.05 $5.77 O $2.96. $3.79. $2.14

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