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			3,700				$57,000
February			3,000				54,140
March			3,100				55,140
April			4,200				58,900
May			4,500				61,840
June			5,700				65,600
July			8,000				74,140
August			7,700				71,200
September			6,600				66,420
October			4,700				62,800
November			3,300				57,080
December			6,700				67,400
Total			61,200				$751,660

(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