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 $3,141 14,509 April 2,608 9,666 May 2,883 11,779 June 3,576 17,812 Oa. $0.55 Ob. $0.12 Oc. S0.59 Od. $1.19

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 $3,141 14,509 April 2,608 9,666 May 2,883 11,779 June 3,576 17,812 Oa. $0.55 Ob. $0.12 Oc. S0.59 Od. $1.19

Name: Given the following cost and activity observations for Bounty Company
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Description: Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities costper machine hour. Round your answer to the nearest cent.CostMachine HoursMarch $3,14114,509April2

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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