Question: Hi, I need Accounting help please using High-Low to Calculate Fixed cost, Calculate the variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty

Hi, I need Accounting help please

Hi, I need Accounting help please using High-Low to Calculate Fixed cost,

using High-Low to Calculate Fixed cost, Calculate the variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past eight months were collected: Month Labor cost Employee Hours January 6,800 370 February 7,940 560 March 9,699 650 April 9,587 62 May 8,290 490 June 7,250 July 9,290 580 August 7,331 320 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable rate per employee hour to the nearest cent. If required, use rounded calculations in intermediate steps. Round your final answers to the nearest cent. Required 1. Using the high-low method, calculate the fixed cost of labor. 2. Using the high-low method, calculate the variable rate. per employee hour 3. Using the high-low method, construct the cost formula for total labor cost. Total labor cost x Employee hours)

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