Using High-Low to Calculate Fixed Cost Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,790 430 February 7,300 500 March 7,831 530 April 8,440 400 May 10,087 460 June 8,790 360 July 11,960 590 August 7,800 330 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with lobor used in the restaurant. In your calculations, round the vanable 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 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the rest In your calculations, round the variable rate per employee hour to the nearest cent. If required, round your fi 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 = + ($ * Employee hours)