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Pizza Vesuvio makes specialty pizzas. Data for the past eight months were collected: Month Labor Cost Employee Hours $7,300 January 410 February 8,440 600 March
Pizza Vesuvio makes specialty pizzas. Data for the past eight months were collected: Month Labor Cost Employee Hours $7,300 January 410 February 8,440 600 March 10,199 710 April 10,087 660 May 8,790 530 7,750 June 400 July 9,790 620 August 7,831 360 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $5394 ($6.77 X Employee Hours) Required: Assume that 3,800 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations: 1. Calculate total variable labor cost for the coming year. Round your answer to the nearest dollar. 9,194 X $ 2. Calculate total fixed labor cost for the coming year. Round your answer to the nearest dollar. 31,120 X 3. Calculate total labor cost for the coming year. Round your answer to the nearest dollar. 31120 X
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