(Solved): Collins Company had the following cost data available. The Collins accountant believes that direct l ...

Collins Company had the following cost data available. The Collins accountant believes that direct labor hours is the correct cost driver 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
• $70,000; 10,000 direct labor hours for April

Use the high-low method to compute the total amount of monthly fixed costs for Collins Company.