Question 2 of 4 0/1 Angie March owns a catering company that stages bauets 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 4.000 Month January February March April May June July August September October November December 3.300 3.400 4,500 4.800 6,000 8,300 8.000 6.900 5,000 3,600 7.000 64.800 Overhead Costs $62,000 59,000 60,000 64,000 67.000 71.000 80,000 77.000 72,000 68,000 62,000 73,000 5815,000 Total Identify the high and low points. Activity Level High point Low point 100 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, es 15.25 and foxed cost to decimal places, eg. 5,275.) Variable cost - 5 per labor hour Fixed cost