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Given the following cost and activity observations for George Company's utilities, use the high-low method to calculate George's variable utilities costs per machine hour. Cost

Given the following cost and activity observations for George Company's utilities, use the high-low method to calculate George's variable utilities costs per machine hour.

Cost Machine Hours
May $16,500 105,000
June 18,000 120,000
July 16,000 100,000
August

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