A Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations: August September October November December Machine Hours Electrical Cost 1.000 $1,600 1.150 1.675 900 1.550 800 1.500 1.100 1.650 Using the high-low method, the estimated variable cost per machine hour for electricity is closest to which of the following? * $0.4 per hour $0.5 per hour $0.2 per hour $0.3 per hour Using the high-low method, the estimated fixed cost per month for electricity is closest to which of the following?* $1,250 $1,150 $1,100 O $1,200