(b). Angie has booked 4,200 labor hours for the coming month. How much overhead should she expect to incur? Total cost = $ (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 = 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 Hours Overhead Costs Month January 3,900 $57.360 February 3,200 54.220 March 3,300 55,220 April 4,400 59,460 May 4,700 62,520 June 5,900 66,760 July 8,200 76,220 August 7,900 73.160 September 6,800 67,940 October 4,900 63.560 November 3,500 57.280 December 6,900 68.960 Total 63,600 $762,660 Identify the high and low points. Activity Level $ High point $ ta Low point ta 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 O decimal places, e.g. 5,275.) ta = Variable cost per labor hour $ = Fixed cost