Wayside Company has machine hours of 5,000 and machine costs ofS170,000 at the high data point. Machine hours are 2,000 and machine costs are S110,000 at the low data point. Wayside uses the high-low method to estimate costs. 1.Refer to Exhibit 5-4. What is the estimated cost per machine hour? $34 $55 $20 $40 None of the answer choices is correct. 2.Refer to Exhibit 5-4. What is the estimated total fixed cost? $60,000 $140,000 $55,000 $70,000 None of the answer choices is correct. 3.Refer to Exhibit 5-4. What is the estimate of total machine costs at Wayside when 3,700 machine hours are used? $144,000 $70,000 $140,000 $74,000 None of the answer choices is correct.