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

Multiple Choice

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. $$\begin{array}{l}\begin{array} { l l l } \text { Machine Hours}&\text { Cost }\\15,000 & \$ 3,100 & \text { March } \\10,000 & 2,700 & \text { April } \\12,000 & 2,900 & \text { May } \\18,000 & 3,500 & \text { June}\end{array}\end{array}$$

A) $0.10
B) $0.19
C) $0.21
D) $0.27