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 | $3,053 | 15,456 |
| April | 2,682 | 10,278 |
| May | 2,892 | 12,429 |
| June | 3,650 | 18,369 |
a.$1.32
b.$0.68
c.$0.72
d.$0.12
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Managerial Accounting
Authors: Kulp, Susan, Dragoo, Amie, Hartgraves, Al L, Morse Wayne J.
9th Edition
1618533622, 9781618533623
