Question
The phone bill for a company consists of both fixed and variable costs. Refer to the fourmonth data below and apply the highlow method to
The phone bill for a company consists of both fixed and variable costs. Refer to the fourmonth data below and apply the highlow method to answer the question.
| Minutes | Total Bill | |
| January | 480 | $4,000 |
| February | 230 | $2,685 |
| March | 160 | $2,635 |
| April | 310 | $2,860 |
What is the fixed portion of the total cost? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A. $1,365
B. $2,635
C. $1,950
D. $2,050
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
