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. $\begin{array}{|l|r|r|}
\hline& \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3,000 \
\hline \text { February } & 200 & \$ 2,673 \
\hline \text { March } & 160 & \$ 2,625 \
\hline \text { April } & 300 & \$ 2,800 \
\hline
\end{array}$
- 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. $\begin{array}{|l|r|r|} 
\hline& \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3,000 \
\hline \text { February } & 200 & \$ 2,673 \
\hline \text { March } & 160 & \$ 2,625 \
\hline \text { April } & 300 & \$ 2,800 \
\hline
\end{array}$
- 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. $\begin{array}{|l|r|r|} 
\hline& \text { Minutes } & \text { Total Bill } \
\hline \text { Tanuary } & 460 & \$ 3,000 \
\hline \text { February } & 200 & \$ 2,673 \
\hline \text { March } & 160 & \$ 2,625 \
\hline \text { April } & 300 & \$ 2,800 \
\hline
\end{array}$
- What is the variable cost per minute?

The Phone Bill for an Accounting Firm Consists of Both