ome Homework: Week Five : Chapter 6: Exercises Save Score: 0 of 1 pt 1 of 15 ( complete) HW Score: 0%, 0 of 15 pts 2: S21-3 (similar to) Question Help ent Scor mpts: Mill owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2.700 occurred in August when the machines worked 1,000 machine hours. The lowest utility bill of $2,400 occurred in December when the machines worked 500 machine hours. Requirements 1. Calculate the variable rate per machine hour and the total foved ulity cost 2. Show the equation for determining total utility cost for the machine shop 3. If Mitt anticipates using 800 machine hours in January, predict the shop's total inty be using the equation from Requirement 2 homew $21-3 si 1.6 (similar to Requirement 1. Calculate the variable rate per machine hour and the total fored utility cost First calculate the variable rate per machine hour. Select the formula labels, then enter the amounts and compute the variable rate per machine hour (Use the high-low method. Round your answer to the nearest cent) 521-8 1-16 Similar to E21-27 E21-345 1-33 (similar to Variable rate per machine hou See what to scoutse VACCT Choose from any drop-down list and then click Check Answer 5 ans Clear All Check Answer raming