Woo Company, Which uses the high-low mothod to analyze cost behavior, has determined that machine hours best peodict the companys total utities cost. The company' cost and machine hour usage data for the first sir months of the year follow: Click the icon to view the data) Read the tequirements. Requirement 1 . What is the variable utlities cout per machine hour? Lers begin by determining the formula that is used to calculate the varible cost (Alope) Change in co: (Round the variabie cont to the nearost cent.) Uning the high-low method, the variable utifiet cost per machine hour is Using the high-low mothod, answor the following questions: 1. What is the variable utiatios cost per machine hour? 2. What is the fored cont of utities each month? 3. If Woo Company uses 1,240 machine hours in a month, what will its total costs be? Woo Company, Which uses the high-low mothod to analyze cost behavior, has determined that machine hours best peodict the companys total utities cost. The company' cost and machine hour usage data for the first sir months of the year follow: Click the icon to view the data) Read the tequirements. Requirement 1 . What is the variable utlities cout per machine hour? Lers begin by determining the formula that is used to calculate the varible cost (Alope) Change in co: (Round the variabie cont to the nearost cent.) Uning the high-low method, the variable utifiet cost per machine hour is Using the high-low mothod, answor the following questions: 1. What is the variable utiatios cost per machine hour? 2. What is the fored cont of utities each month? 3. If Woo Company uses 1,240 machine hours in a month, what will its total costs be