CISES eBook Show Me How Using High-Low to Calculate Predicted Total Vanable Cost and Total Cost for a Time Period that Differs from the Data Period Pizza Vesuvio makes specialty pizzas. Data for the past 3 months were collected: Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9.899 630 April 610 9,787 8,490 May 480 June 7,450 350 July 9.490 570 August 7,533 310 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost - $5,237 +(57.40 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 vanable labor cost for the coming year 2. Calculate total fixed labor cost for the coming year 3. Calculate tobor cost for the coming year