Question
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent.
| Cost | Machine Hours | |
| March | $3,100 | 15,000 |
| April | 2,700 | 10,000 |
| May | 2,900 | 12,000 |
| June | 3,600 | 18,000 |
a.$0.63
b.$0.11
c.$0.67
d.$10.00
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The New Yellow Book Government Auditing Standards
Authors: Rebecca A. Meyer
1st Edition
1119784638, 978-1119784630
