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Q1. Given the following cost and activity observations for Bounty Companys utilities, use the high-low method to calculate Bounty fixed costs per month. Round your

Q1. Given the following cost and activity observations for Bounty Companys utilities, use the

high-low method to calculate Bounty fixed costs per month. Round your answer to the nearest cent.

Cost

Machine Hours

March

$3,100

15,000

April

2,700

10,000

May

2,900

12,000

June

3,600

18,000

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