Angie March owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and year-end holidays and light demand at other times. Angie has gathered the following cost information from the past year:

Month		Labor Hours				Overhead Costs
January			3,600				$65,320
February			2,900				62,320
March			3,000				63,320
April			4,100				67,320
May			4,400				70,320
June			5,600				74,320
July			7,900				83,320
August			7,600				80,320
September			6,500				75,320
October			4,600				71,320
November			3,200				65,320
December			6,600				76,320
Total			60,000				$854,840

a.

Identify the high and low points.

		Activity Level		$
High point		enter the activity level for high point		$enter the high point in dollars
Low point		enter the activity level for low point		$enter the low point in dollars

Using the high-low method, compute the overhead cost per labor hour and the fixed overhead cost per month. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed cost to 0 decimal places, e.g. 5,275.)

Variable cost	=	$enter the variable cost per labor hour in dollars rounded to 2 decimal places	per labor hour
Fixed cost	=	$enter the fixed cost amount in dollars rounded to 0 decimal places

Angie has booked 4,200 labor hours for the coming month. How much overhead should she expect to incur?

Total cost =

$enter the total cost amount in dollars rounded to 0 decimal places

If Angie books one more catering job for the month, requiring 350 labor hours, how much additional overhead should she expect to incur?

Additional overhead =

$enter the additional overhead amount in dollars rounded to 0 decimal places