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Given the following cost and activity observations for Bounty Company's utilities, use the high-low method...

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Accounting

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 $3,046 15,266
April 2,639 10,394
May 2,804 12,379
June 3,873 18,412

a.$1.69

b.$0.77

c.$0.73

d.$0.15

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