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6. MC.20.81.ALGO (Algorithmic) 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 $3,145 15,424 April 2,639 9,782 May 2,868 11,918 June 3,799 18,194 a. $0.97 b. $0.14 c. $1.52 d. $0.93 7. MC.20.82.ALGO (Algorithmic) Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,200 10,500 February 35,700 18,400 March 28,900 11,500 April 31,100 14,700 a. $13,574 b. $10,859 c. $23,076 d. $43,437

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