Question: Using the high-low points method. Direct labor hours and indirect labor costs for each quarter of 19X2 for the Daley Company are shown on page

Using the high-low points method. Direct labor hours and indirect labor costs for each quarter of 19X2 for the Daley Company are shown on page 413.

Direct Indirect Labor Hours Labor Costs First Quarter 36,000 $146,000 Second Quarter

Instructions Using the high-low points method, compute the variable rate per direct labor hour and the fixed cost per quarter. Show your computations.

Direct Indirect Labor Hours Labor Costs First Quarter 36,000 $146,000 Second Quarter 30,800 127,800 Third Quarter 42,000 167,000 Fourth Quarter 38,400 154,400

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