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

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for

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: Labor Cost Employee Hours Month January $6,900 380 February $9,799 570 March $8,040 650 April $9,687 630 May $8,390 500 June $7,431 370 July $9,390 590 August $7,350 330 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6637 + ($2.16 x Employee Hours) Required: Assume that 715 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. $ 2. Calculate total labor cost for September. Round your answer to nearest whole number.

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