The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1.800 $ 10,900 October 1,200 $ 6,200 November 4,800 $ 16,200 December 3,600 $ 13,800 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: a. $0.36 b. $1.76 c. $3.38 O d. None of the given answers e. $2.78 In the CVP analysis, Which of the following statements about the breakeven point is true? a. operating income for a company is equal to zero b. breakeven sales revenues equal total fixed costs divided by the variable cost per unit OC. None of the given answers d. total contribution margin minus total fixed costs is equal to profits earned total sales revenues equal total fixed costs minus variable costs e