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The Phone Bill for a CPA Firm Is a Mixed

Question 33

Multiple Choice

The phone bill for a CPA firm is a mixed cost. Please refer to the 4-month data below, apply the high-low method, and answer the question. The phone bill for a CPA firm is a mixed cost. Please refer to the 4-month data below, apply the high-low method, and answer the question. How much is the variable cost per minute? A) $0.50 B) $1.75 C) $2.50 D) $0.25 How much is the variable cost per minute?


A) $0.50
B) $1.75
C) $2.50
D) $0.25

Correct Answer:

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