Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Labor Cost Employee Hours Month January February March April May June $6,800 9,699 7,940 9,587 8,290 7,331 9,290 410 600 700 660 530 400 July August 7,250 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6,519 + ($2.03 X Employee Hours) Required: 620 360 Assume that 3,800 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations: 1. Calculate total variable labor cost for the coming year. Round your answer to the nearest dollar. 2. Calculate total fixed labor cost for the coming year. Round your answer to the nearest dollar. 3. Calculate total labor cost for the coming year. Round your answer to the nearest dollar.

Using High-Low to Calculate Predicted Total Variable Coat and Total Cost far a Time Period that Differs front the Daca Peried Pirra Vesurio makes speciaty pizzas:-Data for the past is months were coliected: Assume that this information wan used to construct the foliowing formula for monthily labor cost. Total Labor Cost =$6,519+($2 0) Employee Hours ) Required: Assume that 3,500 emplovee hours aro budpeted for the coming year. Use the total labor cosk formila to make the following caiculations: 1. Calculate total vanable isbor cost for the coming year. Round your anawer to the nearest dollas: 2. Calculate total Reed labor cost for the coming year. Round your answer to the nearest doliac. 3. Calculate coral labor cest for the coming year. Round your answer to the nearest deller. x