1. Collins Company had the following cost data available. The Collins accountant believes that direct labor hours is the correct cost river to use to predict and manage these costs $100,000, 15.000 direct labor hours for January $80,000; 12,000 direct labor hours for February $90,000; 14,000 direct labor hours for March $75,000; 11,000 direct labor hours for April $85,000, 12,500 direct labor hours for May $70,000, 10,000 direct labor hours for June Use the high-low method to compute the totalamount of monthly feed costs for Collins Company 50 515,000 $10,000 $30,000 $90,000 $60,000