The Phone Bill for a Company Consists of Both Fixed

question 55

Multiple Choice

The phone bill for a company consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | } \hline & \text { Minutes } & \text { Total Bill } \\\hline \text { Tanuary } & 460 & \$ 3000 \\\hline \text { February } & 200 & \$ 2675 \\\hline \text { March } & 170 & \$ 2660 \\\hline \text { April } & 310 & \$ 2825 \\\hline\end{array}$$ What is the variable cost per minute? (Round your answer to the nearest cent.)

• A) $1.17
• B) $6.52
• C) $0.85
• D) $0.11

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Definitions:

Multi-component

Pertains to something that is composed of multiple elements or parts.

Cohesion

The extent to which members of a group or community are united in pursuing common goals or supporting each other.

Friends

Individuals with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; also refers to people who may or may not be related by blood or marriage but share close bonds.