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Sheridan Co. gathered the following information on power costs and factory machine usage for the...

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Question

Accounting

Sheridan 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.
(a)
Your answer is correct.
What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, eg.15.25.)
Variable power costs
$
per factory machine hour
(b)
What is the estimated fixed power cost each month?
$
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