The phone bill for a company consists of both fixed and variable costs. Refer to the 4 month data below…

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The phone bill for a company consists of both fixed and variable costs. Refer to the 4 month data below and apply the high low method to determine fixed cost.

Month         Minutes             Total Bill
Jan.               460                    3000

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Feb                200                     2675

Mar                160                     2625

April               300                     2800

 

B) If the company uses 380 minutes in May, how much will the total be?

 

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