Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Coefficients shown by a regression program for Pizza Vesuvio's data are: Use the results of regression to make the following calculations: 1. Calculate the fixed cost of labor. x Calculate the variable rate per employee hour. X per employee hour 2. Construct the cost formula for total labor cost. Total labor cost =$ x+($ X Employee hours) 3. Calculate the budgeted cost for next month, assuming that 705 employee hours are budgeted. Round answer to the nearest dollar. x