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 $3,140 14,747 April 2,662 9,893 May 2,877 12,352 June 3,565 18,240

The correct answer is $0.11.

Explanation:

According to the scenario, the computation for the given data are as follows:

According to the high-low method, we first check for the high point and low point of the cost

So,                

High point =     cost 3,565     machine hours 18,240

Low point =       cost  2,662    machine hours  9,893

So, we can calculate variable utilities cost per machine hour by using following method

Variable utilities cost per machine hour = Difference in cost ÷ Difference in machine hours

= ( 3,565 - 2,662) ÷ ( 18,240 - 9,893)

= 903 ÷ 8347

= $0.11

Hence, the variable utilities cost per machine hour is $0.11.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi