QUESTION 14 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 $3,000 February 200 minutes $2,675 March 180 minutes $2,630 April 320 minutes $2,840 Use the high-low method to determine the fixed cost per month for the phone bill. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A $607 OB $2,393 C $2.630 D. $370 QUESTION 15 Hartford, Inc. sold 5,700 units in October at a sales price of $5 per unit. The variable cost is $2.50 per unit. The fixed costs are $6,200 per month. What is the operating income or loss earned in October? O A $8,050 loss OB. $22,300 income OC $8.050 income OD. $6,200 loss QUESTION 16 One of the assumptions of cost-volume-profit (CVP) analysis is that there are no changes in the O A Inventory levels OB. Accounts payable O Cash balance OD. Accounts receivable