QUESTION 1 The total cost of local telephone calls and the number of local telephone calls for the last six months for Ted were as follows: Month October November December January February March Total cost $350 $480 $200 $400 Total number of local calls 1,650 3,875 875 2,640 2.750 2,680 $500 $420 If the high-low method for calculating cost volume profit equation is used, what is the variable cost per call? (round to two decimal places) a. $0.16 b. $0.09 OC. $0.18 od. $0.23