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 | $3,058 | 15,265 |
| April | 2,690 | 9,795 |
| May | 2,881 | 12,450 |
| June | 3,796 | 18,134 |
a.$0.13
b.$1.59
c.$0.93
d.$0.89
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Auditing Assurance Services and Ethics in Australia an Integrated Approach
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
9th edition
978-1442539365
