Given the following costs and activity observations for Pike Company's utilities, use the high-low method to calculate Pike Company's variable utilities costs per machine hour. $$\begin{array}{l}
\begin{array} { l l l }
\text { Machine Hours}&\text { Cost }\
15,000 & \$ 3,100 & \text { March } \
10,000 & 2,700 & \text { April } \
12,000 & 2,900 & \text { May } \
18,000 & 3,500 & \text { June}
\end{array}
\end{array}$$

Question

Given the following costs and activity observations for Pike Company's utilities, use the high-low method to calculate Pike Company's variable utilities costs per machine hour. $$\begin{array}{l}
\begin{array} { l l l } 
\text { Machine Hours}&\text { Cost }\
15,000 & \$ 3,100 & \text { March } \
10,000 & 2,700 & \text { April } \
12,000 & 2,900 & \text { May } \
18,000 & 3,500 & \text { June}
\end{array}
\end{array}$$

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 Company's variable utilities costs per machine hour. $$\begin{array}{l}
\begin{array} { l l l } 
\text { Machine Hours}&\text { Cost }\
15,000 & \$ 3,100 & \text { March } \
10,000 & 2,700 & \text { April } \
12,000 & 2,900 & \text { May } \
18,000 & 3,500 & \text { June}
\end{array}
\end{array}$$

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