Crane Co. gathered the following information on power costs and factory machine usage for the last six months:

Month		Power Cost				Factory Machine Hours
January		$24,820				14,100
February		31,008				18,000
March		29,410				17,000
April		22,750				13,400
May		20,320				11,800
June		17,300				8,800

Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers.

(a)

What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.)

Variable power costs

$enter the variable power costs in dollars per factory machine hour rounded to 2 decimal places

per factory machine hour