My Home C CengageNOWV2 Online teaching and learning r. m Wildlife Management Area eBook Show Me How Using High-Low to calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Labor Cost($) Employee Hours Month January 9,490 530 February 7,000 620 March 7,531 660 April 8,140 490 May 9,787 570 June 8,490 450 July 12,780 740 August 7,500 410 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. in your calculations, round the variable rate per employee hour to the nearest cent. If required, round your final answers to the nearest cent. Required: 1. Using the high-low method, calculate the variable rate 17.52 per employee hour 2. Using the high-low method, calculate the fixed cost of labor. 184.80 X 3. Using the high-low method, construct the cost formula for total labor cost. Total labor costs 184.80 X + ($ 17.52 X X Employee hours)