The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | }
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3,000 \
\hline \text { February } & 200 & \$ 2,675 \
\hline \text { March } & 160 & \$ 2,625 \
\hline \text { April } & 300 & \$ 2,800 \
\hline
\end{array}$$ What is the variable cost per minute?

Question

The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | } 
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3,000 \
\hline \text { February } & 200 & \$ 2,675 \
\hline \text { March } & 160 & \$ 2,625 \
\hline \text { April } & 300 & \$ 2,800 \
\hline
\end{array}$$ What is the variable cost per minute?

Quizplus · Accepted Answer

The Answer of The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | } 
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3,000 \
\hline \text { February } & 200 & \$ 2,675 \
\hline \text { March } & 160 & \$ 2,625 \
\hline \text { April } & 300 & \$ 2,800 \
\hline
\end{array}$$ What is the variable cost per minute?

The Phone Bill for an Accounting Firm Consists of Both