Question
The phone bill for a company consists of both fixed and variable costs. Given the data below for four months applying the high-low method to
The phone bill for a company consists of both fixed and variable costs. Given the data below for four months applying the high-low method to calculate the total fixed costs and variable cost per unit.
|
| Minutes | Total Bill |
| January | 460 | $3,000 |
| February | 200 | $2,675 |
| March | 160 | $2,625 |
| April | 300 | $2,800 |
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert
5th Edition
0190746920, 978-0190746926
