The Phone Bill for an Accounting Firm Consists of Both

question 136

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. $\begin{array}{|l|r|r|} \hline& \text { Minutes } & \text { Total Bill } \\\hline \text { Tanuary } & 460 & \$ 3,000 \\\hline \text { February } & 200 & \$ 2,673 \\\hline \text { March } & 160 & \$ 2,625 \\\hline \text { April } & 300 & \$ 2,800 \\\hline\end{array}$
-If the company uses 380 minutes in May, how much will the total bill be?

• A) $2,425
• B) $2,478
• C) $2,900
• D) $3767

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