Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. 
Definitions:
Profit
The financial gain made in a transaction, calculated by subtracting the total costs from the total revenue.
Sale Price
The ultimate selling price of a product, once all discounts or promotional offers have been taken into account.
Gross Profit
The difference between the selling price and the unit cost of an item of merchandise. (Also called markup.)
Markdown
The reduction of a product's selling price, often to clear inventory or promote sales.
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