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Please answer the following question and any explanation necessary. Assignment #4 #1 The phone bill for a Consulting Firm is a mixed cost. The costs

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Assignment #4 #1 The phone bill for a Consulting Firm is a mixed cost. The costs for a four month period are shown below: Minutes Total Bill Jan 600 $6,600 550 $5,575 400 $5,000 Apr 450 $5,425 Using the High-Low Method, calculate variable cost per minute and the fixed portion of the total cost

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