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The phone bill for a corporation 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 corporation 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 | 480 | $4500 |
February | 240 | $2690 |
March | 160 | $2630 |
April | 300 | $2845 |
If the company uses 360 minutes in May, how much will the total bill be? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.)
Select one:
a. $7305
b. $3799
c. $2102
d. $1697
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