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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 $3,016       15,480       April 2,659       10,374       May 2,878       11,831       June 3,587       17,811       a.$0.62 b.$0.12 c.$1.25 d.$0.58

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 $3,016       15,480       April 2,659       10,374       May 2,878       11,831       June 3,587       17,811       a.$0.62 b.$0.12 c.$1.25 d.$0.58

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $3,016       15,480      
April 2,659       10,374      
May 2,878       11,831      
June 3,587       17,811      
a.$0.62
b.$0.12
c.$1.25
d.$0.58
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