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). Using the high-low method, the variable utilities cost per machine hour is $ (Round the variable cost to the nearest cent.) 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. Using the high-low method, the fixed cost of utilities each month is $ Requirement 3. If Woo Company uses 1,250 machine hours in a month, what will its total costs be? The total costs when 1,250 machine hours are used is $ Data table