WOULD YOU PLEASE COMPLETE THE 3 QUESTIONS AND FILL THE MISSING PARTS WITH THOSE WORDS THAT IS SHOWING IN THE BOX

1Data Table Month Cost Machine Hours 1,040 1,180 1,000 1,290 1,370 1,400 February $3,730 April May June . . . $3,720 . . . . $4,300 $ 4,200 Print Done E6-34A (similar to) Question Help Reynolds 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: EE Click the icon to view the data.) Requirements 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 Reynolds Company uses 1,220 machine hours in a month, what will its total costs be? 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) Variable cost (slope) that is used to calculate the variable cost (slope). Variable cost (slope) Change in cost Change in volume Highest cost Highest volume Lowest cost Lowest volume Total operating cost Total variable cost C.-.--. list and then click Check