Fabulous Catering uses the high-low method to predict its total overhead costs. Past records show that total overhead cost was $25,800 when 840 hours were worked and $27,900 when 940 hours were worked. If Fabulous Catering has 865 hours scheduled for next month, what is the expected total overhead cost for next month? ..... Use the high-low method to determine the variable and fixed costs components of Fabulous Catering's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Enter the variable cost per unit to the nearest cent.) = Variable cost per unit 2100 + 100 = 21.0 Next identify the formula and compute the fixed cost component (the vertical int costs for the highest level of activity. pt) using the - Total fixed costs 27900 19740 8160 Complete Fabulous Caterings's operating cost equation. y = 21 X + 8160 If Fabulous Catering has 865 hours scheduled next month, what is the expected total overhead cost? The total monthly operating costs if Fabulous Catering works 865 labor hours is 26325