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.
What is the variable cost per minute?
Minutes Total Bill January 460 $3,000 February 200 $2,675 March 160 $2,625 April 300 $2,800
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Biochemistry
Authors: Mary K. Campbell, Shawn O. Farrell
8th edition
9781305176621, 1285429109, 1305176626, 978-1285429106
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