See picture. Calculate the following: 1. Calculate total variable labor cost for the coming year. Round your answer to the nearest dollar. ________2. Calculate total fixed labor cost for the coming year. Round your answer to the nearest dollar. _______3. Calculate total labor cost for the coming year. Round your answer to the nearest dollar. _________

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period ? Pizza Vesuvian makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,900 380 February 9,799 570 March 8,040 650 April 9,687 630 May 8,390 500 June 7,431 370 July 9,390 590 August 7,350 330 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6,637 + ($2.16 X Employee Hours) Required: Assume that 4,200 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations