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a. $1.53 b. $0.65 c. $0.14 d. $0.69 Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine

image text in transcribed a. $1.53 b. $0.65 c. $0.14 d. $0.69

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 to the nearest cent. March April May June $1.53 $0.65 $0.14 $0.69 Cost $3,080 2,625 2,864 3,791 Machine Hours 15,074 9,769 12,132 18,177

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