The Phone Bill for a Company Consists of Both Fixed

question 163

Multiple Choice

The phone bill for a company consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question.

What is the variable cost per minute? (Round your answer to the nearest cent. )

• A)$1.17
• B)$6.52
• C)$0.85
• D)$0.11

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Definitions:

Self-Serving Bias

The common tendency to attribute one's successes to personal factors and one's failures to external factors.

Unrealistically High

Describes expectations or standards that are excessively beyond what is achievable or reasonable.

Aggressively

In a manner that is forceful, energetic, or determined, often aiming to dominate or assert oneself.

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.