Question: ABC Company uses the high-low method to analyze cost behavior and has determined that machine hours best predict the company's total utilities cost. Determine the

ABC Company uses the high-low method to analyze cost behavior and has determined that machine hours best predict the company's total utilities cost. Determine the cost function (formula) for total utilities cost. What will the estimated utility cost be if ABC Company uses 1371 in a month?

	Total Cost	Machine Hours
January	$3,410	1060
February	$3,790	1180
March	$3,574	1030
April	$3,730	1260
May	$4,500	1310
June	$4,294	1430

(Round your final answer to two decimal places)

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