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i need help with this problem. step by step is helpful for me to learn how to make the calculations. thank you! Angle March owns
i need help with this problem. step by step is helpful for me to learn how to make the calculations. thank you!
Angle March owns a catering company that stages bancuets and parties for both individuals and companies. The business is seasorat Whth heary demand durirg the summer months and year-end holidays and light demand at other times. Angee has gathered the following cost informationfrom the past year. \begin{tabular}{|lcc} \hline Month & LaborHours & OverheadCosts \\ \hline January & 2,500 & $48,950 \\ February & 1,800 & 46,440 \\ March & 1,900 & 47,440 \\ April & 3,000 & 50,600 \\ May & 3,300 & 53,390 \\ June & 4,500 & 56,550 \\ July & 6,800 & 63,940 \\ August & 6,500 & 61,150 \\ \hline September & 5,400 & 56,920 \\ \hline October & 3,500 & 54,250 \end{tabular} \begin{tabular}{crr} October & 3,500 & 54,250 \\ November & 2,100 & 49,230 \\ December & 5,500 & 57,850 \\ \hline Total & 46,800 & $646,710 \\ \hline \end{tabular} Identify the high and low points. Using the high-low method, compute the overhead cost per labor hour and the fixed overhead cost per month. (Round variable cost to 2 decimal places, eg. 15.25 and fixed cost to O decimal places, eg. 5.275.) Angic has booked 4,200 labor hours for the coming month. How much overhead should she expect to incue? Totalcost=$ If Angie books one more catering iob for the month, requiring 350 labor hours, how much additional overhead should she expect to incur? Additional overhead =5 Step by Step Solution
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