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 Cost($) Employee Hours Month January 9,490 330 February 7,000 380 March 7,531 400 April 8,140 300 May 9,787 350 June 8,490 280 11,020 450 7,500 250 July August Pizza Vesuvio's controller wants to calculate the variable and fixed costs associated with labor used in the restaurant. In your calculations, round the variable rate per employee hour to the nearest cent. If required, round your final answers to the nearest cent. Required: 1. Using the high-low method, calculate the variable rate... 57.43 X per employee hour 2. Using the high-low method, calculate the total fixed labor cost. 607,035. X 3. Using the high-low method, construct the cost formula for total labor cost. Total labor cost- FORBACK 607,035. X +[$ 57.43 X x Employee hours)