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 Overhead Month Hours Costs January 4,000 $62,400 February 3,300 59,680 March 3,400 60,680 April 4,500 64,200 May 4,800 67,080 June 6,000 70,600 July 8,300 78,680 August 8,000 75,800 September 6,900 71,240 October 5,000 68,000 November 3,600 62,560 December 7,000 72,200 Total 64,800 $813,120(a) Identify the high and low points. Activity Level to 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 = $ eTextbook and Media Save to r Late r Attempts: 0 of 3 used (C) If Angie books one more cateringjob for the month, requiring 350 labor hours, how much additional overhead should she expect to incur? Additional overhead = $ eTextbook and Media Save to r Late r Attempts: 0 of 3 used