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Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January February March April May June July August 9,390 6,900 7,431 8,040 9,687 8,390 12,328 Total labor cost = $ 7,400 520 600 640 480 560 440 720 400 Pizza Vesuvio's controller wants to calculate the fixed and variable 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. per employee hour 2. Using the high-low method, calculate the fixed cost of labor. 3. Using the high-low method, construct the cost formula for total labor cost. +($ x Employee hours)

Using High-Low to Calculate Faged Cost, Calculate the Variable Rote, and Construct a Cost Function Piza Vesuvio makes specisity plzas, Data for the past 8 months were collected: Pizza Vesuvio's controller wants to calculate the foxed and vanable costs associated with labor usod 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 vanable rate. per emplovee hour 2. Using the high-low method, calculate the foxed cost of labor: 3. Using the high-low method, construct the cost formula for total labor cost. Total labor cost =$ x Employee hours)

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