The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the

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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 to answer the question.

What is the variable cost per minute?

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Biochemistry

ISBN: 978-1285429106

8th edition

Authors: Mary K. Campbell, Shawn O. Farrell

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Posted Date: Jun 25, 2018 09:50 AM

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The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the

Question:

Minutes Total Bill January 460 $3,000 February 200 $2,675 March 160 $2,625 April 300 $2,800 Minutes Total Bill January 460 $3,000 February 200 $2,675 March 160 $2,625 April 300 $2,800

Expert Answer:

Explanation Variable cost per unit Change in total cost ... View the full answer

Biochemistry

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