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: Employee Hours Month Labor Cost January $6,800 340 February $9,699 530 March $7,940 620 April $9,587 590 May $8,2901 460 June $7,331 330 July $9,290 550 August $7,250 290 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $6644 + ($2.09 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. 1,431.65 X 2. Calculate total labor cost for September. Round your answer to nearest whole number. 8,075.65 X