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What is the variable cost per minute

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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.

                                         Minutes                      Total Bill
January                                460                              $3,500
February                                230                             $2,695
March                                   180                             $2,660
April                                      300                               $2,860

Question 1: What is the variable cost per minute? (Round your answer to the nearest cent.)

Reference no: EM132576556

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