From the picture below: Calculate the high and low points of the activity levels and the costs. Then, the variable cost (per labor hour) and fixed costs.Angie has booked 4,200 labor hours for the coming month. How much overhead should she expect to incur? If Angie books one more catering job for the month, requiring 350 labor hours, how much additional overhead should she expect to incur?

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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: Labor Overhead Month Hours Costs January 2,800 $53,560 February 2,100 50,910 March 2,200 51,910 April 3,300 55,310 May 3,600 58,160 June 4,800 61,560 July 7,100 69,410 August 6,800 66,560 September 5,700 62,110 October 3,800 59,060 November 2,400 53,760 December 5,800 63,060 Total 50,400 $705,370 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: Labor Overhead Month Hours Costs January 2,800 $53,560 February 2,100 50,910 March 2,200 51,910 April 3,300 55,310 May 3,600 58,160 June 4,800 61,560 July 7,100 69,410 August 6,800 66,560 September 5,700 62,110 October 3,800 59,060 November 2,400 53,760 December 5,800 63,060 Total 50,400 $705,370

Answer rating: 100% (QA)

Answer Based on the information provided in the graph I will calculate the following 1 High and low ... View the full answer