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

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 $6,900 400 February $9.799 590 March $8,040 670 April $9,687 650 May $8,390 520 June $7,431 390 July $9,390 610 August $7,350 350 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6594 + ($2.16 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. 2.16 2. Calculate total labor cost for September. Round your answer to nearest whole number. 1,436.4

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