Using the scattergraph and high-low points methods. The cost accountant of the Gale Corporation has compiled the

Question:

‘Using the scattergraph and high-low points methods. The cost accountant of the Gale Corporation has compiled the following information about the direct labor hours and the indirect labor costs for each month of 19X2:

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Instructions 1. Plot these data on a scattergraph. Fit the points with a line and estimate the fixed costs from the graph.
2. Compute the monthly fixed costs and the variable costs per hour, using the high-low points method.