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 480 $4,000 february 200 $2,700 march 170 $2,640 april 320 $2,855 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.)

$1,892.8

Explanation:

Variable cost per minute:

= Change in cost ÷ Change in minute

= (4,000 - $2,640) ÷ (480 - 170)

= 1,360 ÷ 310

= 4.39 per minute

Fixed cost:

= January total bill - (January minutes × Variable cost per minute

= 4,000 - (480 × 4.39)

= 4,000 - 2,107.2

= $1,892.8

Therefore, the fixed portion of the total cost is $1,892.8

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education