Question 46 Given the following cost and activity observations for George Companys utilities, use the high-low method to calculate Georges variable utilities costs per machine hour. 1. Cost Machine Hours May $16,500 105,000 June 18,000 120,000 July 16,000 100,000 August 17,500 117,000 a. $0.10 b. $1.00 c. $100.00 d. $10.00