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The phone bill Laurel Accounting consists of both fixed and variable costs. Refer to the four month data below and apply the high-low method to
The phone bill Laurel Accounting consists of both fixed and variable costs. Refer to the four month data below and apply the high-low method to answer the question. (Round your calculation to two decimal places.) Minutes Total Bill May 480 $3,000 June 240 $2,675 July 160 $2,640 August 320 $2,880 What is the variable cost per minute?
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