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34 35 Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine
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Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,014 15,337 April 2,677 10,491 May 2,835 12,165 June 3,689 17,566 Oa. $1.43 Ob. $0.96 Oc. $1.00 O d. $0.14 The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $117,400 280,200 May 81,600 167,500 June 101,500 230,800 Using the high-low method, the variable cost per unit and the total fixed costs are Oa. a. $0.32 per unit and $27,736 Ob. $5.76 per unit and $2,774 Oc. $3.20 per unit and $2,774 Od. $0.58 per unit and $13,868Step by Step Solution
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