Using High low to predicated total variable cost and total cost for a time period that differs from the data period

Using High-Low 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 8 months were collected: Month Labor Cost Employee Hours January $7,300 410 February 10,199 600 March 8,440 720 April 10,087 660 May 8,790 530 June 7,831 400 July 9,790 620 August 7,750 360 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $7,059 + ($1.92 X Employee Hours) Required: Assume that 3,900 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. Round your answer to the nearest dollar. 55:] 2. Calculate total fixed labor cost for the coming year. Round your answer to the nearest dollar. $:] 3. Calculate total labor cost for the coming year. Round your answer to the nearest dollar. 35:]