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			2,900				$ 51,930
February			2,200				49,280
March			2,300				50,280
April			3,400				53,680
May			3,700				56,530
June			4,900				59,930
July			7,200				67,780
August			6,900				64,930
September			5,800				60,480
October			3,900				57,430
November			2,500				52,130
December			5,900				61,430
Total			51,600				$ 685,810

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	=	$

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

Total cost =

$

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 =

$