Using Regression to Calculate Fised Cost Calculate the variable Rate Construct a Cest Formula, and Determine Budgeted C Pizza Vesuvio makes specialty pizzas. Data for the past 6 months were collected Month Labor Cost Employee Hours January 10,000 360 February 0.140 530 March 9,899 630 Apri 9,787 600 May 5,450 400 June 7,450 350 July 9,400 7,531 579 310 August Coefficients shown by a regression program for Pizza Vesuvi's data are Intercept 4,431 x37 In your calculations, round the variable rate per employee hour to the newest cent Required: Use the results of regression to make the towing calatons 1. Calculate the fixed cost of laboc Calculate the variable rate per employee hour per employee hour 2. Construct the cost formula for total labor cost Total taber cost Employee hours)