Smith 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 Question list K usage data for the first six months of the year follow. (Click the icon to view the data.) Requirements O Question 5 X Using the high-low method, answer the Data table 1. What is the variable utilities cost p 2. What is the fixed cost of utilities ez O Question 6 3. If Smith Company uses 1,230 mac Month Total Cost Machine Hours January . ... $ 3,155 900 O Question 7 February ... . $ 3,710 1,170 Requirement 1. What is the variable March . . . . . . 3,530 1,045 Determine the formula that is used to April . . . . .$ 3,710 1,210 O Question 8 O A. Lowest cost + Lowest volume = May . . . . . ... $ 4,600 1,320 June . . . ... . $ 5,220 1,600 O B. Change in cost + Change in vo O Question 9 O C. Highest cost + Highest volume O D. Total operating cost - Total var O E. Change in volume + Change in Print Done O Question 10 Using the high-low method, the variab nearest cent.)Smith 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 Question list K usage data for the first six months of the year follow. E(Click the icon to view the data.) Requirements O Question 5 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? O Question 6 3. If Smith Company uses 1,230 machine hours in a month, what will its total costs be? O Question 7 Requirement 1. What is the variable utilities cost per machine hour? Determine the formula that is used to calculate the variable cost (slope). Choose the correct answer below. O Question 8 O A. Lowest cost + Lowest volume = Variable cost (slope) O B. Change in cost + Change in volume = Variable cost (slope) O Question 9 O C. Highest cost + Highest volume = Variable cost (slope) O D. Total operating cost - Total variable cost = Variable cost (slope) O Question 10 O E. Change in volume + Change in cost = 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? Determine the formula that is used to calculate the fixed cost component. Choose the correct answer below. O Question 8 O A. Change in cost + Change in volume = Fixed cost O B. Total operating cost - Total variable cost = Fixed cost O Question 9 O C. Highest volume - lowest volume = Fixed cost O D. Change in volume + Change in cost = Variable cost (slope) O E. Highest cost - lowest cost = Fixed cost Question 10 Using the high-low method, the fixed cost of utilities each month is $ . (Round the total variable costs to the nearest whole dollar.) O Question 11 Requirement 3. If Smith Company uses 1,230 machine hours in a month, what will its total costs be? The total costs when 1,230 machine hours are incurred is $ . (Round your interim and final calculations to the nearest whole dollar.)