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 $7,000 370 February $9,899 560 March $8,140 660 April $9,787 620 May $8,490 490 June $7,531 360 July $9,490 580 August $7,450 . 320 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $6800+ ($2.03 x Employee Hours) Required: 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 nearest whole number. 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 nearest whole number. 5,237 X 2. Calculate total labor cost for September. Round your answer to nearest whole number. Feedback Check My Work 1. Total Variable Labor Cost Variable Rate x Employee Hours. Use 685 as employee hours. 2. Use the cost formula given and use the 685 employee hours