Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost...

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Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9,899 630 April 9,787 610 May 8,490 480 June 7,450 350 July 9,490 570 7,531 310 August Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $5,237 + ($7.40 x 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 coming year. 2. Calculate total fixed labor cost for the coming year. $ 3. Calculate total labor cost for the coming year. MA Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9,899 630 April 9,787 610 May 8,490 480 June 7,450 350 July 9,490 570 7,531 310 August Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $5,237 + ($7.40 x 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 coming year. 2. Calculate total fixed labor cost for the coming year. $ 3. Calculate total labor cost for the coming year. MA

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1 Calculate total variable labor cost for the coming year Given for... View the full answer