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Please help in finding the fixed cost amount with work shown! Thank you Question 3 Angie March owns a catering company that stages banquets and
Please help in finding the fixed cost amount with work shown! Thank you
Question 3 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 January February March April May June July August September October November December Labor Hours Overhead Costs 3,500 2,800 3,000 4,200 4,500 5,500 6,500 7,500 7,800 4,500 3,100 6,500 59,400 $73,000 69,080 70,000 77,000 80,000 87,000 91,000 96,000 99,580 81,000 73,000 90,000 $986,660 Total Your answer is partially correct. Try again. 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. 52.75 and all other answers to o decimal places, e.g. 5,275.) Variable cost- per labor hour Fixed costStep by Step Solution
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