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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

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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 $3,115 15,460 April 2,648 9,952 May 2,899 11,620 18,215 June 3,528 Ca. 50.49 b. 50.11 c. 50.53 d. $1.28

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