Question Help Tran Company, which uses the high-low method to analyze cost behaviour, 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.) Requirements 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 Tran Company uses 1,260 machine hours in a month, what will its total costs be? Requirement 1. What is the variable utilities cost per machine hour? esoun Let's begin by determining the formula that is used to calculate the variable cost (slope). Variable cost (slope) Study Data Table Month Total Cost Machine Hours $ 3,538 1,040 January February $ 3,730 1,190 March $ 3,530 1,055 April $ 3.750 1,250 May -- $ 4,300 1,310 June $ 5,603 1,740 Print Done