Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 14 10 points Save Answer The phone bill for Denver, Inc. consists of both fixed and variable costs. The firm collected four months of
QUESTION 14 10 points Save Answer The phone bill for Denver, Inc. consists of both fixed and variable costs. The firm collected four months of data on its phone usage: Phone Use Total Bill January 460 minutes $4,000 February 210 minutes $2,695 March 170 minutes $2,640 April 300 minutes $2,835 Based on the high-low method, how much will the total bill be next month if the firm uses 390 minutes? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.) A. $6,157 B. $1,842.60 C.$3,672 D.$1,829.10
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started