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
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. (Round your intermediate calculations to two decimal places)
What is the fixed portion of the total cost?
A) $1,850
B) $2,225
C) $2,425
D) $2,625
January February March April Minutes 460 200 160 300 Total Bill $3,000 $2,675 $2,625 $2,800
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Fundamentals of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W Maher
6th edition
1259969479, 1259565408, 978-1259969478
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