Using High$-$Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted OutputPizza Vesuvio makes specialty pizzas. Data for the past $8$ months were collected:MonthLabor CostEmployee HoursJanuary$$7,000340$February$8,140530$March$9,899640$April$9,787590$May$8,490460$June$7,450330$July$9,490550$August$7,531290$Assume that this information was used to construct the following formula for monthly labor cost.Total Labor Cost $=$ $$5,569+($$$6\mathrm{.}77\backslash$times Employee Hours$)$This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.Open spreadsheetRequired:Assume that $685$ employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations:$1.$ Calculate total variable labor cost for September. Round your answer to the nearest whole dollar.fill in the blank $1$ of $1$$$4,9952.$ Calculate total labor cost for September. Round your answer to the nearest whole dollar.fill in the blank $1$ of $1$$$10,232$Feedback AreaFeedback$1.$ Total Variable Labor Cost $=$ Variable Rate $\backslash$times Employee Hours$2.$ Use the cost formula given.Total Labor Cost Employee Hours