Data Table Month Total Cost S 3,420 S 3,760 S 3,388 S 3,780 $ 4,000 S 4,076 Machine Hours 1,080 1,160 1,030 1,230 1,360 1,460 January February March May une Print Done Bates 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 si months of the year follow (Click the icon to view the data ) Requirements Using the high-low method, answer the following questions What is the 2. What is the fixed cost of utilities each month? 3 If Bates Company uses 1,200 machine hours in a month, what will its total costs be? variable utilities cost per machine hour? Using the high-low method, the variable utilities cost per machine hour is S Requirement 2. What is the fixed cost of utilities each month? Let's begin by determining the formula that is used to calculate the fixed cost component. - Fixed cost Using the high-low method, the fixed cost of utilities each month is S Requirement 3. If Bates Company uses 1,200 machine hours in a month, what will its total costs be? (Round the variable cost per unit to two decimal places and round your total costs calculation to the nearest whole dollar.) The total costs when 1,200 machine hours are used is $