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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 ,
Phoenix Plastics Incorporated has accumulated the following data over a six month period:Machine HoursMachine Related CostsJanuary$ FebruaryMarch April May June Required: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 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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