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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

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	$3,042	15,223
April	2,621	10,065
May	2,853	12,029
June	3,609	17,525

a.$0.13

b.$1.59

c.$0.66

d.$0.62

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