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The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4-month data below and apply the high-low method
- The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4-month data below and apply the high-low method to answer the question. (Round your intermediate calculations to two decimal places)
|
| Minutes | Total Bill |
| January | 460 | $3,000 |
| February | 200 | $2,675 |
| March | 160 | $2,625 |
| April | 300 | $2,800 |
What is the fixed portion of the total cost?
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The Church Growth Handbook Includes Complete Ministry Audit
Authors: William M. Easum
1st Edition
0687081610, 978-0687081615
