Answer requirements 1-3 please.

Smith 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: (Click the icon to view the data.) Read the requirements 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). Change in cost Change in volume = Variable cost (slope) (Round the variable cost to the nearest cont.) Data Table Machine Hours 1,080 Using the high-low method, the variable utilities cost per machine hour is 1,120 Month Total Cost January ......S 3,440 February .S 3,700 March ......S 3,385 April S 3,730 May S 4,500 June ......6 3,985 1,070 - X Requirements 1,290 1,320 1.470 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 Smith Company uses 1,280 machine hours in a month, what will its total costs be? Print Print Done Print Done