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Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Labor Cost($) Employee Hours Month January 9,590 340 February 7,100 390 March
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Labor Cost($) Employee Hours Month January 9,590 340 February 7,100 390 March 7,631 420 April 8,240 310 May 9,887 360 June 8,590 290 July 11,296 470 7,600 260 August 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. per employee hour 2. Using the high-low method, calculate the fixed cost of labor. 3. Using the high-low method, construct the cost formula for total labor cost. Total labor cost- + ($ All work saved. x Employee hours) Previous Next > Submit Test for Grading S intr
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