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Using High-Low to Calculate Predicted Total Varlable Cost and Total Cost for Budgeted...

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Accounting

Using High-Low to Calculate Predicted Total Varlable Cost and Total Cost for Budgeted Output
Pizza Vesuvio makes specialty pizzas, Data for the past 8 months were collected:
\table[[Month,\table[[Labor],[Cost]],\table[[Employee],[Hours]]],[January,$7,000,330],[February,8,140,520],[March,9,899,630],[April,9,787,580],[May,8,490,450],[June,7,450,320],[July,9,490,540],[August,7,531,280]]
Assume that this information was used to construct the following formula for monthly labor cost.
Total Labor Cost Employee Hours
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