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). Data table Change in cost Change in volume Variable cost (slope) Month January Total Cost Machine Hours 3410 1.000 (Round the variable cost to the nearest cent.) 3.700 1,000 Using the high-low method, the variable utilities cost per machine hour is $ 1.75 Apr 3.730 1320 May 4400 the Requirement 2. What is the fixed cost of utilities each month? June 4,200 1,400 Let's begin by determining the formula that is used to calculate the fixed cost component Total variable cost Total utilities cost Using the high-low method, the fixed cost of utilities each month is M Fixed cost Print Done $ 1,750 Requirement 3. If Coughlin Company uses t to the nearest whole dollar.) 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 ca 1220 Machine Hr The total costs when 1,210 machine hours are used is