The Phone Bill for a CPA Firm Is a Mixed

question 80

Multiple Choice

The phone bill for a CPA firm is a mixed cost. Please refer to the 4-month data below, apply the high-low method, and answer the question.
$$\begin{array} { | l | r | r | } \hline & { \text { Minutes } } & \text { Total Bill } \\\hline \text { Jan } & 300 & \$ 2,650 \\\hline \text { Feb } & 150 & \$ 2,575 \\\hline \text { Mar } & 100 & \$ 2,550 \\\hline \text { Apr } & 250 & \$ 2,625 \\\hline\end{array}$$
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How much is the variable cost per minute?

• A) $0.50
• B) $1.75
• C) $2.50
• D) $0.25

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Definitions:

Process Innovation

The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality.

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A significant shift in the fundamental concepts and practices of a particular domain or industry.

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The process of bringing a new product or service to the market, involving concept generation, design, development, and marketing.

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