The phone bill for a company consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | }
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3000 \
\hline \text { February } & 200 & \$ 2675 \
\hline \text { March } & 170 & \$ 2660 \
\hline \text { April } & 310 & \$ 2825 \
\hline
\end{array}$$ What is the variable cost per minute? (Round your answer to the nearest cent.)

Question

The phone bill for a company consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | } 
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3000 \
\hline \text { February } & 200 & \$ 2675 \
\hline \text { March } & 170 & \$ 2660 \
\hline \text { April } & 310 & \$ 2825 \
\hline
\end{array}$$ What is the variable cost per minute? (Round your answer to the nearest cent.)

Quizplus · Accepted Answer

The Answer of The phone bill for a company consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | } 
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3000 \
\hline \text { February } & 200 & \$ 2675 \
\hline \text { March } & 170 & \$ 2660 \
\hline \text { April } & 310 & \$ 2825 \
\hline
\end{array}$$ What is the variable cost per minute? (Round your answer to the nearest cent.)

The Phone Bill for a Company Consists of Both Fixed