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 $7,100 430
February $9,999 620
March $8,240 730
April $9,887 680
May $8,590 550
June $7,631 420
July $9,590 640
August $7,550 380

Assume that this information was used to construct the following formula for monthly labor cost.

Total Labor Cost = $6801 + ($1.97 x Employee Hours)

Required:

Assume that 655 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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