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

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Accounting

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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: Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost =$6959+($2.16 Employee Hours ) Required: Assume that 655 employee hours are budgeted for the month of September. Use the totat labor cost formula for the follo 1. Calculate total variable labor cost for September, Round your answer to nearest whole number. Assume that this information was used to construct the following formula for monthiy labor cost. Total Labor Cost =$6959+($2.16 Employee Hours ) Required: Assume that 655 employee hours are budgeted for the month of September, Use the total labor cost formula for the following calculations: 1. Calculate total variable fabor 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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