Show Me How eBook Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were colle Month Calculator Labor Cost Employee Hours 360 550 630 610 480 350 570 310 $7,000 February March April May une 8,140 9,899 9,787 8,490 7,450 9,490 7,531 August Coefficients shown by a regression program for Pizza Vesuvio's data are: 4,517 X Variable 8.20 In your calculations, round the variable rate per employee hour to the nearest cent Use the results of regression to make the following calculations: L. Calculate the fixed cost of labor Calculate the variable rate per employee hour per employee hour 2. Construct the cost formula for total labor cost. Totalabor cost Emtoee hous) x Employee hours) 3. Calculate the budgeted cost for next month, asouning that 690 employee hours are budgeted. Round answer to the nearest dollar