Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

See picture and answer 2 questions. Assume that 645 employee hours are budgeted for the month of September. Use the total labor cost formula for

See picture and answer 2 questions. Assume that 645 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 the nearest whole number. $_________2. Calculate total labor cost for September. Round your answer to the nearest whole number. $________

image text in transcribed
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvian makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,900 360 February $9,799 550 March $8,040 670 April $9,687 610 May $8,390 480 June $7,431 350 July $9,390 570 August $7,350 310 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6755 + ($1.92 x Employee Hours)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

10th Edition

1119791081, 978-1119791089

More Books

Students also viewed these Accounting questions