The Mays Clinic has the following monthly telephone records and costs:

Calls       Costs

2,000     $2,400

1,500     2,000

2,200     2,600

2,500     2,900

2,300     2,700

1,700     2,200

Identify the fixed and variable cost elements using the high-low method.

Answer rating: 100% (QA)

The highlow method is a way of attempting to separate out fixed and variable costs giv... View the full answer