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Can someone please help? Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9,899 630 April 9,787 610 May 8,490 480 June

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Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9,899 630 April 9,787 610 May 8,490 480 June 7,450 350 July 9,490 570 August 7,531 310 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $5,237 + ($7.40 x Employee Hours) Required: Assume that 4,000 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. 2. Calculate total fixed labor cost for the coming year. 3. Calculate total labor cost for the coming year

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