ABC Company gathered the following information for the last six months:

Month Electricity Cost Machine Hours

January $24,400 13,900

February 30,300 17,600

March 29,000 16,800

April 22,340 13,200

May 19,900 11,600

June 14,900 6,600

Required: Using the high-low method, Answer the following questions

(1) Calculate the estimated variable portion of Electricity costs per machine hour?

(2) Calculate the estimated fixed Electricity cost each month?

(3) If it is estimated that 10,000 machine hours will be run in July, what is the expected total Electricity cost for July?