2. Compute the estimated total indirect labor cost if 2,700 hours of direct labor are employed during a month. Variable costs Fixed costs Estimated total indirect labor costs8,450 4,455 3,995 Analyze: What percentage of total costs for May is attributable to variable costs? (Enter the percent value rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) ble costs References eBook & Resources Worksheet Difficulty: 3 Hard Problem 29.1A Analyzing semivariable costs using the high-low point method. LO 29-2 Learming Objective: 29-02 Use the high-low point method to determine the fixed and variable components of a semivariable cost