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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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