Phoenix Plastic Inc. has accumulated the following data over a six-month period: Separate the machine-related costs into
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Phoenix Plastic Inc. has accumulated the following data over a six-month period:
Separate the machine-related costs into their fixed and variable components, using the high-lowmethod.
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Machine Hours 700 Machine-Related Costs $10,000 12,000 15,000 17,000 20,000 22,000 $96,000 January April.. May June... 1,100 1,300 1,500
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