Given the Following Cost and Activity Observations for Leno Enterprises

Multiple Choice

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. $\begin{array}{lrr} & \text { Cost } & \text { Machine Hours } \\\text { September } & \$ 4,100 & 22,000 \\\text { October } & 3,700 & 18,000 \\\text { November } & 3,900 & 19,000 \\\text { December } & 4,500 & 28,000 \\\hline\end{array}$

A) $0.08
B) $4.86
C) $0.25
D) $12.50