Given the following cost and activity observations for Bounty Company's utilities, use the high-low method...
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Accounting
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
$3,046
15,266
April
2,639
10,394
May
2,804
12,379
June
3,873
18,412
a.$1.69
b.$0.77
c.$0.73
d.$0.15
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