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

$3,400$ $$63,160$

February

$2,70060,020$

March

$2,80061,020$

April

$3,90065,260$

May

$4,20068,320$

June

$5,40072,560$

July

$7,70082,020$

August

$7,40078,960$

September

$6,30073,740$

October

$4,40069,360$

November

$3,00063,080$

December

$6,40074,760$

Total

$57,600$ $$832,260$

$($a$)$

Your answer is partially correct.

Identify the high and low points.

Activity Level $

High point

enter the activity level for high point Correct answer $enter the high point in dollars Correct answer

Low point

enter the activity level for low point Correct answer $enter the low point in dollars Correct answer

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$.15\mathrm{.}25$ 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 Correct answer per labor hour

Fixed cost

$=$ $enter the fixed cost amount in dollars rounded to $0$ decimal places Incorrect answer