Question: Using the high-low method, calculate variable utilities costs per machine hour. Month Cost Machine Hours January $ 8,100 13,900 February 14,500 20,500 March 7,500 10,500

Using the high-low method, calculate variable utilities costs per machine hour.

Month Cost Machine Hours
January $ 8,100 13,900
February 14,500 20,500
March 7,500 10,500
April 9,200 18,900

a. $0.50

b. $0.25

c. $0.70

d. $0.63

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