Given the following costs and activity observations for Pike Company's utilities, use the high-low method to calculate Pike's variable utilities costs per machine hour. $\begin{array}{lll}
\text { Machine Hours}&\text { Cost }\
15,000 & \$ 8,300 & \text { May } \
20,000 & 10,400 & \text { June } \
12,000 & 7,200 & \text { July } \
18,000 & 9,500 & \text { August }
\end{array}$

Question

Quizplus · Accepted Answer

The Answer of Given the following costs and activity observations for Pike Company's utilities, use the high-low method to calculate Pike's variable utilities costs per machine hour. $\begin{array}{lll}
\text { Machine Hours}&\text { Cost }\
15,000 & \$ 8,300 & \text { May } \
20,000 & 10,400 & \text { June } \
12,000 & 7,200 & \text { July } \
18,000 & 9,500 & \text { August }
\end{array}$

Given the Following Costs and Activity Observations for Pike Company's