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Compute the monthly variable cost per telephone hour

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Reference no: EM132751711

Problem 1: Using the high-low method and the following information, compute the monthly variable cost per telephone hour and total fixed costs for Thompson Corporation.

Month          Telephone hours used           Telephone Cost
April                   96                                    4,350
May                   96                                   4,230
June                 105                                  4,710

Reference no: EM132751711

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