The Phone Bill for a Company Consists of Both Fixed

question 214

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. $$\begin{array} { | l | r | r | } \hline & \text { Minutes } & \text { Total Bill } \\\hline \text { January } & 480 & \$ 4000 \\\hline \text { February } & 200 & \$ 2700 \\\hline \text { March } & 170 & \$ 2640 \\\hline \text { April } & 320 & \$ 2855 \\\hline\end{array}$$ What is the fixed portion of the total cost? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)

• A) $2107.20
• B) $1360
• C) $1893
• D) $2640

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Definitions:

Cooperation

A process wherein individuals or groups work or act together for a common, mutual, or some underlying benefit, as opposed to working in competition.

Status Cues

Social signals or indicators that provide information about an individual's social standing or position within a society.

Feeling Rules

Social norms or guidelines that dictate how people should feel and express those feelings in different situations.

Domination

The exercise of power or control by one group, individual, or nation over others, often characterized by dominance and subordination.