y, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the ce e first six months of the year follow: in to view the data.) ments. Data table What is the variable ny, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the ci he first six months of the year follow: on to view the data.) ments. What i 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 1,280 machine hours in a month, what will its total costs be? Rafferty Company, which uses the high-low method to aralyze cost behavior, has determined that machine hours best predict the company's total uslites cost. The company's cost and machine hour usage data for the first six montis of the year follow: (Click the icon to view the data.) Read the Requireenent 1. What is the variable utities cost pee machine hour? Lers begin by delermining the formula that is used to calauate the variable cost (siope)