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Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period...

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Accounting

image Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period 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 =$6,839+($1.97 Employee Hours ) Required: Assume that 3,800 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations: 1. Calculate total variable labor cost for the coming year. Round your answer to the nearest dollar. $x 2. Calculate total fixed labor cost for the coming year. Round your answer to the nearest dollar. $ x 3. Calculate total labor cost for the coming year. Round your answer to the nearest dollar. $x

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