The phone bill for Laurel 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 calculation to two decimal places. )

What is the variable cost per minute?
A)$1.13
B)$0.38
C)$1.02
D)$0.75

Question

The phone bill for Laurel 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 calculation to two decimal places. )

What is the variable cost per minute?

What is the variable cost per minute?
A)$1.13 
B)$0.38 
C)$1.02 
D)$0.75

Quizplus · Accepted Answer

A)Variable cost per unit = Change in total cost / Change in volume of activity
Variable cost per unit = (Highest cost - Lowest cost)/ (Highest volume - Lowest volume)
 11ea8a42_4f96_d1c5_8b44_739674acd8ca_TB5024_00

The Phone Bill for Laurel Accounting Consists of Both Fixed