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			3,200				$52,680
February			2,500				49,890
March			2,600				50,890
April			3,700				54,530
May			4,000				57,440
June			5,200				61,080
July			7,500				69,390
August			7,200				66,480
September			6,100				61,810
October			4,200				58,380
November			2,800				52,800
December			6,200				62,780
Total			55,200				$698,150

(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 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	=	$________________