The Phone Bill for an Accounting Firm Consists of Both

question 35

Multiple Choice

The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4-month data below and apply the high-low method to answer the question. What is the variable cost per minute?

• A)$1.25
• B)$0.67
• C)$1.08
• D)$0.58

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Definitions:

Sound Volume

The perceived loudness of a sound, typically measured in decibels.

Olfactory Receptors

Specialized proteins located in the cell membranes of olfactory receptor neurons, responsible for detecting airborne molecules and initiating the perception of smell.

Olfactory Bulb

A structure in the forebrain involved in olfaction, or the sense of smell, where odor information from the nose is processed and sent to the brain.

Concentration

Amount of solute per unit volume of a solution.