Question 2 An accountant has been monitoring the overall Complete indirect service costs incurred at their company Mark 0.0 out of based on the number of labour hours worked. They 0.2 accept that the costs follow a uniform, Flag regular pattern so decide to use the High-Low question method to calculate the Variable Costs and then the fixed costs. The have found the during the month when the lowest hours were worked ( 2989 hours) that the service costs in that low activity month was $13216. In the month when the highest hours were worked ( 4812 hours) the service costs were $23946. Calculate the Variable Cost using the high-low method. Note: Do not input the $ sign, just the decimal number to two decimal places Answer: 2.77