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Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate 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 calculate Bounty's variable utilities cost per machine hour. Round to the nearest cent. Cost March April May une $3,096 2,681 2,858 3,558 Machine Hours 14,848 10,007 11,798 18,246 Oa. $0.11 Ob. $0.75 . $1.28 Od. $0.71

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