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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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