Using the High-Low Method and the Information Below,compute the Monthly

question 140

Multiple Choice

Using the high-low method and the information below,compute the monthly variable cost per telephone hour for SKP Corporation. $$\begin{array} { l c c } \text { Month } & \text { TelephoneHours Used } & \text { Telephone Expenses } \\\text { April } & 100 & \$ 4,500 \\\text { May } & 110 & 4,800 \\\text { June } & 150 & 5,400\end{array}$$

• A) $18.00
• B) $36.00
• C) $34.64
• D) $45.00

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Definitions:

Taxed

Imposition of financial charges or other levies upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund public expenditures.

Capitalist Economy

An economic system where trade, industry, and the means of production are largely or entirely controlled by private owners for profit.

Economic Infrastructure

The basic physical and organizational structures needed for the operation of a society or economy, like transportation, communication, and utilities.

Occupational Health

The field of healthcare and welfare that focuses on the physical and mental well-being of employees in the workplace.