13 Feb Anka Company manufactures and sells specialty item
Anka Company manufactures and sells specialty items. The following representative direct labor-hours and production costs are provided for a four-month period:MonthHrs. Direct LaborProduction CostsJanuary3,000$ 45,000February4,50052,500March7,00081,000April4,00045,000Total18,000$223,500A. Using the high-low method, determine the variable cost per direct labor hour and monthly fixed cost.B. Calculate total monthly production costs for May using the high-low method, assuming the direct labor hours for May are expected to be 4,800.