Question: Using the high-low method and the following information, compute the monthly variable cost per telephone hour and total fixed costs for Thompson Corporation Telephone Hours

Using the high-low method and the following information, compute the monthly variable cost per telephone hour and total fixed costs for Thompson Corporation Telephone Hours Used Month April May June Telephone Costs 96 $4,350 96 4,230 105 4,710 $3 B 7 1 High-Low Method

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