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Please Help. The phone bill for Ace Accounting consists of both fixed and variable costs. Refer to the four month data below and apply the
Please Help.
The phone bill for Ace 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 intermediate calculations to two decimal places.) Minutes Total Bill May June July August 470 220 160 $2,640.00 300 $2,880.00 $3,100 $2,700 What is the fixed portion of the total cost? OA. $2,402.57 O B. $2,640.00 O C. $2,165.14 O D. $1,719.97 Step by Step Solution
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