# Question: Refer to the Pizza Vesuvio company information in Cornerstone Exercise 3 16

Refer to the Pizza Vesuvio company information in Cornerstone Exercise 3-16. Assume that Pizza Vesuvio used this information to construct the following formula for monthly labor cost.

Total labor cost = $5,200 + ($7.52 × Employee hours)

Required:

Assume that 4,000 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations:

1. Calculate total variable labor cost for the year.

2. Calculate total fixed labor cost for the year.

3. Calculate total labor cost for the coming year.

Total labor cost = $5,200 + ($7.52 × Employee hours)

Required:

Assume that 4,000 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations:

1. Calculate total variable labor cost for the year.

2. Calculate total fixed labor cost for the year.

3. Calculate total labor cost for the coming year.

**View Solution:**## Answer to relevant Questions

Refer to the Pizza Vesuvio company information in Cornerstone Exercise 3-16. Coefficients shown by a regression program for this data are:Intercept ......1,145X Variable ......13.82Required:Use the results of regression to ...Refer to the Alisha Incorporated information in Exercise 3-23. However, now assume that Alisha produced 80,000 thermometers (rather than 150,000). Round all answers to two decimal places.Required:1. What is the total ...During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The resources are airplane depreciation, fuel, and airplane maintenance. The number of airplane flight ...Consider each of the following independent situations:a. Shaniqua Boyer just started her new job as controller for St. Matthias General Hospital. She wants to get a feel for the cost behavior of various departments of the ...The management of Wheeler Company has decided to develop cost formulas for its major overhead activities. Wheeler uses a highly automated manufacturing process, and power costs are a significant manufacturing cost. Cost ...Post your question