The Phone Bill for an Accounting Firm Consists of Both

question 7

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. $\begin{array}{|l|r|r|} \hline& \text { Minutes } & \text { Total Bill } \\\hline \text { Tanuary } & 460 & \$ 3,000 \\\hline \text { February } & 200 & \$ 2,673 \\\hline \text { March } & 160 & \$ 2,625 \\\hline \text { April } & 300 & \$ 2,800 \\\hline\end{array}$
- What is the variable cost per minute?

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

---

Definitions:

Level Of Complexity

The degree of difficulty, intricacy, or complication inherent in a task, system, or process.

Conference Board Of Canada

An independent, not-for-profit research organization in Canada that aims to improve national economic performance and quality of life.

Training Evaluation

The systematic process of assessing the effectiveness of a training program, including its impact on participants' knowledge, skills, and job performance.

Summative Evaluations

Comprehensive assessments conducted at the conclusion of an instructional period, aiming to evaluate overall learning outcomes and effectiveness.