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The Phone Bill for Ace Accounting Consists of Both Fixed

Question 30

Multiple Choice

The phone bill for Ace Accounting consists of both fixed and variable costs.Refer to the four month data below and apply the high-low method to answer the question.(Round your intermediate calculations to two decimal places.)  Minutes  Total Bill  May 480$3,400 June 210$2,680 July 175$2,650 August 330$2,875\begin{array} { | l | r | r | } \hline & \text { Minutes } & \text { Total Bill } \\\hline \text { May } & 480 & \$ 3,400 \\\hline \text { June } & 210 & \$ 2,680 \\\hline \text { July } & 175 & \$ 2,650 \\\hline \text { August } & 330 & \$ 2,875 \\\hline\end{array} What is the fixed portion of the total cost?


A) $976.90
B) $1,788.70
C) $2,219.20
D) $2,650.00

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