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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 | $3,058 | 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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