Utility costs at one of Hambley Corporation's factories are listed below: 
Management believes that utility cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!
Definitions:
Midpoint Formula
A method used in mathematics to find the midpoint or center point between two points on a line segment by averaging their x and y coordinates.
Candy Bars
Snack food items made primarily of chocolate and often contain fillers like nuts, caramel, or nougat.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high responsiveness.
Performing Arts Theater
A venue dedicated to hosting live performances, such as plays, musicals, and concerts, by artists and performers.
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