Given the Following Cost and Activity Observations for George Company's

Given the following cost and activity observations for George Company's utilities, use the high­low method to calculate George's variable utilities costs per machine hour. $$\begin{array} { | l | l | r | } \hline & \text { Cost } & \text { Machine Hours } \\\hline \text { May } &\$16,500 & 105,000 \\\hline \text { June } & 18,000 & 120,000 \\\hline \text { July } & 16,000 & 100,000 \\\hline \text { August } & 17,500 & 117,000 \\\hline\end{array}$$

A) $100.00
B) $1.00
C) $10.00
D) $0.10

Correct Answer:

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