Question: Using High-Low to Calculate the Variable Rate, Calculate Fixed Cost, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past

Using High-Low to Calculate the Variable Rate, Calculate Fixed Cost, and Construct

Using High-Low to Calculate the Variable Rate, Calculate Fixed Cost, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Labor Employee Cost ($) Hours 560 650 690 520 600 470 770 430 Pizza Vesuvio's controller wants to calculate the variable and fixed costs associated with labor used in the restaurant. Month January 9,490 February 7,000 March 7,531 April 8,140 May 9,787 June 8,490 July 13,416 August 7,500

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