Tran 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: Click the icon to view the data.) Read the requirements. Requirement 1. What is the variable utilities cost per machine hour? Let's begin by determining the formula that used to calculate the variable cost (slope). Variable cost (slope) Data Table Requirements Month Total Cost Machine Hours 3,460 1,020 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 1,240 machine hours in a month, what will its total costs be? January $ February ..... $ March $ April $ 3.750 1,170 1,000 3,500 3,750 1,230 May $ 4,600 1,360 June $ 4,200 1,400