Question: High-low methods LO 2 Blue Grass Company has accumulated the following data over a six-month period: Separate the indirect labor into its fixed and variable

High-low methods LO₂ Blue Grass Company has accumulated the following data over a six-month period:

January..... February March. April. Indirect Labor Hours Indirect Labor Costs $ 6,000

Separate the indirect labor into its fixed and variable components, using the high-low method.

January..... February March. April. Indirect Labor Hours Indirect Labor Costs $ 6,000 400 500 7,000 600 8,000 700 9,000 May 800 10,000 June. 900 11,000 3.900 $51,000

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