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 $3,016 15,480 April 2,659 10,374 May 2,878 11,831 June 3,587 17,811 a.$0.62 b.$0.12 c.$1.25 d.$0.58

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 $3,016 15,480 April 2,659 10,374 May 2,878 11,831 June 3,587 17,811 a.$0.62 b.$0.12 c.$1.25 d.$0.58

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 9DQ: Describe the cost formula for a strictly variable cost such as electrical power cost of 1.15 per...

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Townhall Corp. has provided the following data for its utility cost: Prior Current Year Year 8,000 10,000 Machine hours Utility cost $26,600 $31,000 Utility cost is a mixed cost with variable and fixed components. The fixed and variable components of utility cost are closest to: (Round your intermediate calculations to 2 decimal places.) A
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