Angie March owns a catering company that stages banquets and parties for both individuals and companies.

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 Labor Hours Overhead Costs January 3,500 $70,000 February 2,800 66,280 March 3,000 67,000 April 4,200 73,000 May 4,500 77,000 June 5,500 82,000 July 6,500 86,000 August 7,500 91,000 September 7,800 94,280 October 4,500 78,000 November 3,100 70,000 December 6,500 85,000 Total 59,400 $939,560 Collapse question part (a) 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 0 decimal places, e.g. 5,275.) Variable cost = $ per labor hour Fixed cost = $