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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. Line Item Description Cost Machine Hours March $3,040 15,134 April 2,681 10,333 May 2,811 11,573 June 3,606 18,325 a. $0.12 b. $0.81 c. $0.77 d. $1.39
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