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Coefficients shown by a regression program for Pizza Vesuvio's data are: Intercept 4, 517 X Variable 8.20 Required: Use the results of regression to make

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Coefficients shown by a regression program for Pizza Vesuvio's data are: Intercept 4, 517 X Variable 8.20 Required: Use the results of regression to make the following calculations: Calculate the fixed cost of labor. $ Calculate the variable rate per employee hour. $ per employee hour Construct the cost formula for total labor cost. Total labor cost = $ + ($ times Employee hours) Calculate the budgeted cost for next month, assuming that 675 employee hours are budgeted. $

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