What is the variable utilities cost per machine$$ hour?

$$Let$\text{'}$s begin by determining the formula that is used to calculate the variable cost$($slope$).$

Change in cost

$-$:

$$

$=$

Variable cost $($slope$)$

Part $2$

$($Round the variable cost to the nearest$$ cent.$)$

Using the high$-$low method, the variable utilities cost per machine hour is

$2\mathrm{.}84$

$.$

Part $3$

Requirement $2.$ What is the fixed cost of utilities each$$ month?

$$Let$\text{'}$s begin by determining the formula that is used to calculate the fixed cost component.

Change in cost

$-$

$$

$=$

Fixed cost

Part $4$

Using the high$-$low method, the fixed cost of utilities each month is

$.$

Part $5$

Requirement $3.$ If Reynolds Company uses $1$ comma $250$ machine hours in a$$ month, what will its total costs$$ be