Wildhorse Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $29,020 36,980 33,510 26,850 24,520 21,300 Factory Machine Hours 16,100 Variable power costs 22,000 19,000 15,400 13,800 10,800 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) per factory machine hour

Wildhorse Co. gathered the following information on power costs and factory machine usage for the last six months: Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, es. 15.25.) Variable power costs per factory machine hour What is the estimated fixed power cost each month? If it is estimated that 14,400 factory machine hours will be run in July, what is the expected total power cost for July? Total power cost