Current Attempt in Progress Ivanhoe Co.gathered the following information on power costs and factory machine usage for the last six months: Factory Machine Hours Month Power Cost January $25,240 14,300 February 31,612 18,400 March 29,820 17,200 April 23,160 13,600 May 20,740 12.000 June 17,700 9,000 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. (a) Your answer has been saved. See score details after the due date. 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 $ 1.48 per factory machine hour Attempts: 1 of 1 used (b) What is the estimated fixed power cost each month? High Low Fixed power costs $ $ Save for Later Attempts: 0 of 1 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above