2. Phoenix Plastics incorporated has accumulated the following data over a...
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2. Phoenix Plastics incorporated has accumulated the following data over a six month period: Machine Hours Machine Related Costs January 700 $ 10,000 February 900 12,000 March 1.100 15,000 April 1.300 May 17.000 1,500 20,000 June 1,700 22.000 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 What is the total cost total machine hours is 1,900 hours, Show computation I I d Ust but do not discuss two other methods that could be used to determine the cost behavior of the above data
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