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 1750 machine hours in a month?

	Total Cost	Machine Hours
January	$3,450	1020
February	$3,720	1110
March	$3,467	1010
April	$3,730	1270
May	$4,900	1320
June	$4,232	1460

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