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 calculate Bounty's variable utilities cost per machine hour. Round to the nearest cent. Cost Machine Hours March $3,026 15,090 April 2,651 10,432 May 2,867 12,230 June 3,625 18,093

a.$1.40

b.$0.89

c.$0.85

d.$0.13

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