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The phone bill for a company consists of both fixed and variable costs. Refer to the four-month data below and apply the high-low method to
The phone bill for a company consists of both fixed and variable costs. Refer to the four-month data below and apply the high-low method to answer the question. Minutes Total Bill January 460 $3,500 February 230 $2,695 March 180 $2,660 April 300 $2,860 What is the variable cost per minute? (Round your answer to the nearest cent.) Answer: $3.00 ****Please show your work for the answer*****
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