Question
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,300 360 February $10,199 550 March
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,300 360 February $10,199 550 March $8,440 630 April $10,087 610 May $8,790 480 June $7,831 350 July $9,790 570 August $7,750 310 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $7080 + ($2.16 x Employee Hours) Required: Assume that 715 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations: 1. Calculate total variable labor cost for September. Round your answer to nearest whole number.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started