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Determine Bounty variable utilities cost per machine hour

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Question - 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.

 

Cost

Machine Hours

March

$3,112

15,137

April

2,688

9,641

May

2,863

11,858

June

3,544

17,880

a. $0.48

b. $1.04

c. $0.10

d. $0.52

Reference no: EM133064883

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