Using High-Low to Calculate Predicted Total Variable Cost and Total cost for a Time Period that differs from the Data Period Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,900 380 February 9,799 March 8,040 April 9,687 May 8,390 June July 7,431 9,390 7,350 590 August 330 Assume that this information was used to construct the following formula for monthly to cost Total Labor Cost - $6,637 +(12.16 X Employee Hours) Required: Assume that 3,900 employee hours are budgeted for the coming year, the total labor cost formula to make the following calculations 1. Calculate total variable labor cost for the coming year. Round your answer to the nearest dollar 8,424 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 dan