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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. 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 |
