Please answer the following question.

Please provide any formulas or explanation needed.

2. The caf owners want to understand how their telephone bill is created. You know that this is a mixed cost that includes a fixed and variable portion. Using the appropriate method and the information on the last quarter of 2019 mentioned below to determine the following: (5 points) Month Oct Nov Dec Number of minutes Bill Amount 1500 $ 500.00 1625 $ 525.00 1250 $ 450.00 a. The variable cost per minute and total fixed cost b. The estimated bill amount for a month in 2020 when minutes amount to 1600