Tasty Catering uses the high-low method to predict its total overhead costs. Past records show that total overhead cost was 25000 when 880 ours were worked and 27300 when 980 ours were worked. If Tasty Catering has 855 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 Tasty 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.) Change in costs $ 2,700 Change in volume 100 Variable cost per unit 27.00 Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. $ Total mixed (overhead) cost 27,800 Total variable cost 25,110 Total fixed costs 2,690 Complete Tasty Caterings's operating cost equation y= $ 27.00 + $ 2,690 If Tasty Catering has 880hours scheduled next month, what is the expected total overhead cost? The total monthly operating costs if Tasty Catering works 855 labor hours is $ 25,775