Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. March April May Cost $3,100 2,700 2,900 Machine Hours 15.000 10,000 12,000 10.000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Given the following cost and activity observations for Bounty Company's utilities, use the high-low
method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the
nearest cent.
March
April
May
June
Cost
$3,100
2,700
2,900
3,600
Machine Hours
15.000
10,000
12,000
18,000
Transcribed Image Text:Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. March April May June Cost $3,100 2,700 2,900 3,600 Machine Hours 15.000 10,000 12,000 18,000
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