D- ABC Company gathered the following information for the last six months: Month January February March April May June Electricity Cost Machine Hours $48,800 27,800 60,600 35,200 58,000 33,600 44,680 26,400 39,800 23,200 29,800 13,200 Required: Using the high-low method, answer the following questions (show computations to support your answers). (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