Given the following cost and activity observations for Pike Company's utilities,use the high-low method to calculate Pike's variable utilities costs per machine hour.
Definitions:
Product Innovation
The creation of new products or significant improvements to existing products, often to meet new needs or market demands.
Product Innovation
The development and introduction of new or significantly improved goods or services.
Online Shopping
The act of purchasing products or services over the Internet from websites or mobile applications, enabling consumers to buy goods without visiting a physical store.
Competitive Advantage
Refers to a situation or factor that gives a business an advantageous or dominant position over its rivals in the market.
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