Problem 3 12 Points) ABC Co. gathered the following information on power costs and factory last six months: Month January February March machine usage for the Power Cot $24,400 29,200 29,000 22,340 19,900 14,900 Eactory Machine Houn 3,900 17,600 16,800 13,200 11,600 6,600 April May June Instructions and show Using the high-low method of analyzing costs, answer the following questions computations to support your answers (a) What is the estimated variable portion of power costs per factory machine hour? (b) What is the estimated fixed power cost each month? (c) If it is estimated that 10,000 factory machine hours will be run in July, what is the expected total power cost for July