Question: Fabulous Catering uses the high low method to predict its total overhead costs. Past record show the total overhead cost was $25,900 when 830 hours

Fabulous Catering uses the high low method to predict its total overhead costs. Past record show the total overhead cost was $25,900 when 830 hours were worked and $27,900 930 hours were worked. If Fabulous 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 Fabulous Catering's operating cost equation. First identify the formula and calculate the variable cost component slope

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