Question 28 15 polnto Save Answer Collins Company gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May Power Cost $36,600 45,600 43,500 33,510 29,850 25,350 Factory Machine Hours 20,850 26,400 25,200 19,800 17,400 12,900 June Instructions: Using the high-low method of analyzing costs, answer the following questions. 1. What is the estimated variable portion of power costs per factory machine hour? 2. What is the estimated fixed power cost each month? 3. If it is estimated that 15,000 factory machine hours will be run in July, what is the expected total power cost for July