Time Remaining 1 hour 22 minutes 42 seconds01:22:42 Item 1Item 1 Time Remaining 1 hour 22 minutes 42 seconds01:22:42 Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows.

Required:

1. Calculate the variable and fixed components of the utilities cost.
2. Using the data calculated above, estimate the utilities cost for August.

Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Machine Hours Month Worked April 5,850 May 5,600 June 7,900 July 9,800 Utilities Cost 10, 260 10,140 12,125 14,200 Lichtenstein anticipates producing 6,400 units in August, each unit requiring 3.0 hours of machine time. The company uses the high-low method to analyze costs. Required: A. Calculate the variable and fixed components of the utilities cost. B. Using the data calculated above, estimate the utilities cost for August