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			3,300				$51,750
February			2,600				49,240
March			2,700				50,240
April			3,800				53,400
May			4,100				56,190
June			5,300				59,350
July			7,600				66,740
August			7,300				63,950
September			6,200				59,720
October			4,300				57,050
November			2,900				52,030
December			6,300				60,650
Total			56,400				$680,310

(a)

Identify the high and low points.

		enter the activity level for high point		enter the high point in dollars
		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.)

		enter the variable cost per labor hour in dollars rounded to 2 decimal places
		enter the fixed cost amount in dollars rounded to 0 decimal places