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Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza...

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Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,000 330 February $9,899 520 March $8,140 600 580 April $9,787 May $8,490 450 320 June $7,531 July $9,490 540 August $7,450 280 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6845 + ($2.16 x Employee Hours) Required: Assume that 705 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations: 1. Calculate total variable labor cost for September. Round your answer to nearest whole number. 2. Calculate total labor cost for September. Round your answer to nearest whole number

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