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2 . Phoenix Plastics Incorporated has accumulated the following data over a six month period:Machine HoursMachine Related CostsJanuary 7 0 0 $ 1 0 ,

2. Phoenix Plastics Incorporated has accumulated the following data over a six month period:Machine HoursMachine Related CostsJanuary700$ 10,000February90012,000March 1,10015,000April 1,30017,000May 1,50020,000June 1,70022,000Required:a. Compute the variable cost of the Company using high and low method. Show computation. b. Compute the Fixed cost of the Company using the high and low method. Show computation c. What is the total cost if actual total machine hours used is 2,100 hours. Show computation. d. List but do not discuss TWO other methods that could be used to determine the cost behavior of the above data.

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