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Given the Following Cost and Activity Observations for Leno Enterprises

question 114

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Given the following cost and activity observations for Leno Enterprises' utilities,use the high-low method to calculate Leno's variable utilities cost per machine hour.  Cost  Machine Hours  September 4,10022,000 October 3,70018,000 November 3,90019,000 December 4,50028,000\begin{array} { | l r r | } \hline & \text { Cost } & \text { Machine Hours } \\\text { September } & 4,100 & 22,000 \\\text { October } & 3,700 & 18,000 \\\text { November } & 3,900 & 19,000 \\\text { December } & 4,500 & 28,000 \\\hline\end{array}


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