Woo 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. Data Table 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). Month Total Cost Machine Hours Change in cost Change in volume = Variable cost (slope) January. $ 3,410 1,090 February $ (Round the variable cost to the nearest cent.) 3,770 1,190 March $ 3,768 1,080 Using the high-low method, the variable utilities cost per machine hour is 1.9 April $ 3,770 1,290 May $ 4,100 1,310 June $ 4,508 1,480 Print Done Help Me Solve This Video Get More Help - Clear All Final Check