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 9,290 300 February 6,800 350 March 7,331 370 April 7,940 280 May 9,587 320 June 8,290 250 July 10,180 410 7,300 230 August Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable 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 fixed cost of labor. 2. Using the high-low method, calculate the variable rate, per employee hour 3. Using the high-low method, construct the cost formula for total labor cost. Total labor cost- x Employee hours)