Tran Campers, which was the most this deemed that machine hours best predict the company's totales cost. The company's cost and machine hour age data for the first se months of the year blow El conto vw the Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Tran Company uses 1,250 machine hours in a month, what will its total costs be? Month Total Cost Machine Hours $ 1,070 January February 3,427 3,770 $ 1,140 March $ 3,574 1,030 April $ 3,760 1,280 May $ 4,900 1,330 June $ 4,294 1,430 Requirement 1. What is the variable utilities cost per machine hour? Let's begin by determining the formula that is used to calculate the variable cost (slope). Change in cost Change in volume Variable cost (slope) (Round the variable cost to the nearest cent.) Using the high-low method, the variable utilities cost per machine hour is