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The information below shows the number of calls made and the monthly telephone bill for the first quarter of 2005: Month No. of calls Cost January 400 £1,050 February 600 £1,700 March 900 £2,300 Using the high–low method the costs could be subdivided into: A Fixed cost £50 Variable cost £2.50 B Fixed cost £50 Variable cost £25 C Fixed cost £25 Variable cost £2.50 D Fixed cost £25 Variable cost £25

The information below shows the number of calls made and the monthly telephone bill for the first quarter of 2005: Month No. of calls Cost January 400 £1,050 February 600 £1,700 March 900 £2,300 Using the high–low method the costs could be subdivided into: A Fixed cost £50 Variable cost £2.50 B Fixed cost £50 Variable cost £25 C Fixed cost £25 Variable cost £2.50 D Fixed cost £25 Variable cost £25

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The information below shows the number of calls made and the monthly telephone

bill for the first quarter of 2005:

Month No. of calls Cost

January 400 £1,050

February 600 £1,700

March 900 £2,300

Using the high–low method the costs could be subdivided into:

A Fixed cost £50 Variable cost £2.50

B Fixed cost £50 Variable cost £25

C Fixed cost £25 Variable cost £2.50

D Fixed cost £25 Variable cost £25

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