Question: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,300 330 February $10,199 520 March $8,440 600 April $10,087 580 May $8,790 450 June $7,831 320 July $9,790 540 August $7,750 280 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $7145 + ($2.16 x Employee Hours) Required: Assume that 705 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 nearest whole number. $fill in the blank 1 2. Calculate total labor cost for September. Round your answer to nearest whole number. $fill in the blank 2

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