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. $$\begin{array} { | l | r | r | }
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { January } & 480 & \$ 4000 \
\hline \text { February } & 200 & \$ 2700 \
\hline \text { March } & 170 & \$ 2640 \
\hline \text { April } & 320 & \$ 2855 \
\hline
\end{array}$$ What is the fixed portion of the total cost? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)
A) $2107.20
B) $1360
C) $1893
D) $2640

Question

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. $$\begin{array} { | l | r | r | } 
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { January } & 480 & \$ 4000 \
\hline \text { February } & 200 & \$ 2700 \
\hline \text { March } & 170 & \$ 2640 \
\hline \text { April } & 320 & \$ 2855 \
\hline
\end{array}$$ What is the fixed portion of the total cost? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)
A) $2107.20
B) $1360
C) $1893
D) $2640

Quizplus · Accepted Answer

The Answer of 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. $$\begin{array} { | l | r | r | } 
\hline & \text { Minutes } & \text { Total Bill } \
\hline \text { January } & 480 & \$ 4000 \
\hline \text { February } & 200 & \$ 2700 \
\hline \text { March } & 170 & \$ 2640 \
\hline \text { April } & 320 & \$ 2855 \
\hline
\end{array}$$ What is the fixed portion of the total cost? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)
A) $2107.20
B) $1360
C) $1893
D) $2640

The Phone Bill for a Company Consists of Both Fixed