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What is the variable cost per minute

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Question - The phone bill for an accounting firm consists of both fixed and variable costs. Refer to the 4- month data below and apply the high-low method to answer the question.

 

Minutes

Total Bill

January

460

$3,000

February

200

$2,675

March

160

$2,550

April

300

$2,800

Required - What is the variable cost per minute?

Reference no: EM133187001

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