The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Picture If Shapely expects to use 10,000 machine hours next month, what are the estimated direct labor costs? $160,000 $180,000 $175,000 $150,000The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Picture If Shapely expects to use 10,000 machine hours next month, what are the estimated direct labor costs? $160,000 $180,000 $175,000 $150,000 The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for 2008: Machine Hours Direct Labor Costs Busiest month (June) 14,000 $200,000 Slowest month (December) 6,000 $120,000 If Shapely expects to use 10,000 machine hours next month, what are the estimated direct labor costs? (Points : 1) $160,000 $180,000 $175,000 $150,000