Question - Given the following cost and activity observations for Bounty Company's utilities, use the highlow method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent.
|
Cost
|
Machine Hours
|
|
March
|
$3,100
|
15,000
|
|
April
|
2,700
|
10,000
|
|
May
|
2,900
|
12,000
|
|
June
|
3,600
|
18,000
|
$10.00
$0.67
$0.63
$0.11