Question
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
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 | Machine Hours | |
| March | $3,103 | 14,958 |
| April | 2,690 | 10,021 |
| May | 2,844 | 12,136 |
| June | 3,798 | 17,844 |
a. $0.81
b. $0.85
c. $1.70
d. $0.14
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Financial Accounting Preparing Financial Statements AAT Level 3 Study Text And Exam Practice Kit
Authors: MarZar Ltd
1st Edition
979-8846976672
