The phone bill for a company consists of both fixed and variable costs.Refer to the 4-month data below and apply the high-low method to answer the question.
-What is the variable cost per minute?

Name: The phone bill for a company consists of both fixed and variable costs.Refer to the 4-month data below and apply the high-low method to answer the question. -What is the variable cost per minute?
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

The phone bill for a company consists of both fixed and variable costs.Refer to the 4-month data below and apply the high-low method to answer the question.  
-What is the variable cost per minute?

Quizplus · Accepted Answer

Variable cost per minute = Total variable cost / Total minutes= $125 / 100= $1.25

The Phone Bill for a Company Consists of Both Fixed