Mom and Me Catering uses the high-low method to predict its total overhead costs. Past records show that total overhead cost was $25,900 when 870 hours were worked and $27,500 when 970 hours were worked. If Mom and Me Catering has 895 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 Mom and Me 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 Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. Total fixed costs Complete Mom and Me Caterings's operating cost equation. y = X + If Mom and Me Catering has 895 hours scheduled next month, what is the expected total overhead cost? The total monthly operating costs if Mom and Me Catering works 895 labor hours is