Question Content Area

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 $$3,05815,297$

April $2,69810,313$

May $2,89211,705$

June $3,67018,205$

a$.$ $$0\mathrm{.}62$

b$.$ $$0\mathrm{.}12$

c$.$ $$1\mathrm{.}35$

d$.$ $$0\mathrm{.}58$