- X Data table Month Total Cost Machine Hours January $ 3,440 1,080 February $ 3,770 1,180 .. March $ 3,388 1,030 April 3,720 1,270 MO $ $ May $ 4,900 1,330 June $ 4,076 1,460 .. Print Done Rafferty Company which uses the high tow method to analyze cost behavior, has determined that machine hours bent predict the company total titilities cost. The company's cost and mktinn hour the of m (Click the icon to view the data) Read the requirements Requirement 1. What is the variable time cost per machine hour? Let's begin by determining the formula that is used to calculate the variable cost ope) Variable cost (slope) 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 Rafferty Company uses 1,230 machine hours in a month, what will its total costs be? Print Done