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Homework answers / question archive / 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

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

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.

Month 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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