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 3,800 $ 60,020 February 3,100 57.230 March 3,200 58,230 April 4,300 61,870 May 4,600 64,780 June 5,800 68,420 July 8,100 76,730 August 7.800 73,820 6,700 69,150 September October November 4.800 65.720 3,400 60,140 December 6,800 70,120 Total 62,400 786,230 (a) 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 cost to 2 decimal places, e.g. 15.25 and fixed cost to O decimal places, e.g. 5,275.) Variable cost per labor hour Fixed cost $ = ( (b) Angie has booked 4,200 labor hours for the coming month. How much overhead should she expect to incur? Total cost = $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) 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 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit