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 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? Data Table Let's begin by determining the formula that is used to calculate the variable cost (slope). Variable cost (slope) Month Total Cost Machine Hours ....S 3,480 1,030 January February .... $ March $ 3,780 1,190 3,464 1,020 April $ 3,780 1,210 May $ 4,400 1,380 June 4,144 1,420 ( Print Done