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:

Impact

The effect or influence of one thing on another, often used to describe the outcome of a particular action or series of events.

Reflect

To reflect is to think deeply or carefully about something, often involving careful consideration or meditation on past experiences or ideas.

Reputation

The beliefs or opinions that are generally held about someone or something, often based on past actions or performances.

Cross-Situational Consistency

The concept that an individual's behavior tends to be consistent across different situations and contexts.