Question
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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A Survey Of Financial And Managerial Accounting
Authors: Roger H. Hermanson, Roland F. Salmonson, James D. Edwards
5th Edition
025606976X, 978-0256069761
