Question: Using High - Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period Pizza Vesuvio
Using HighLow to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period
Pizza Vesuvio makes specialty pizzas. Data for the past months were collected:
tableMonthLabor Cost,Employee HoursJanuary$FebruaryMarchAprilMayJuneJulyAugust
Assume that this information was used to construct the following formula for monthly labor cost.
Total Labor Cost Employee Hours
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