Bob Jones 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. Bob has gathered the following cost information from the past year: Month Labor Hours Overhead Costs January 2,500 $54,400 February 3,164 65,033 March 3,198 61,524 April 4,200 69,424 May 4,533 69,928 June 5,545 74,652 July 6,548 74,648 August 7,500 78,482 September 7,180 75,616 October 4,620 69,308 November 3,172 71,748 December 6,785 74,772 Total 58,945 $839,535 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. 12.25 and all other answer to 0 decimal places, e.g. 5,275.) Variable cost = $ per labor hour Fixed cost =
Bob Jones owns a catering company that stages banquets and p
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