High$-$low method; flexible budget

Tijuana Tile has gathered the following information on its utility cost for the past six months.

a$.$ Using the high$-$low method, determine the cost formula for utility cost.

$y=$$$0,$ per $MH$

b$.$ Prepare a flexible budget with separate variable and fixed categories for utility cost at $1,325,1,500,$ and $1,675$ machine hours.High$-$low method; flexible budget

Tijuana Tile has gathered the following information on its utility cost for the past six months.

Machine Hours Utility Cost

$1,300$ $$2,820$

$1,7003,225$

$1,2502,700$

$1,8003,396$

$1,9003,480$

$1,5002,970$

a$.$ Using the high$-$low method, determine the cost formula for utility cost.

y $=$ $Answer $1$

$0$

$+$ $Answer $2$

$0$

per MH

b$.$ Prepare a flexible budget with separate variable and fixed categories for utility cost at $1,325,1,500,$ and $1,675$ machine hours.

$1,3251,5001,675$

Variable utility cost Answer $3$

$0$

Answer $4$

$0$

Answer $5$

$0$

Fixed utility cost Answer $6$

$0$

Answer $7$

$0$

Answer $8$

$0$

Expected total utility cost Answer $9$

$0$

Answer $10$

$0$

Answer $11$

$0$