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: Labor Hours Overhead Costs Month January 3,400 $59,160 February 2,700 56,020 March 2,800 57,020 April 3,900 61,260 May 4,200 64,320 June 5,400 68,560 July 7,700 78,020 August 7,400 74,960 September 6.300 69.740 October 4.400 65,360 November 3,000 59,080 December 6,400 70,760 Total 57,600 $784,260 Identify the high and low points. Activity Level $ High point $ Low point $ 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 $ per labor hour = Fixed cost $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b). Angie has booked 4,200 labor hours for the coming month. How much overhead should she expect to incur? Total cost = $ (c) 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 = eTextbook and Media Save for Later Attempts: 0 of 3 used Submit