Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January 410 $7,000 $9,899 February March $8,140 April $9,787 May $8,490 530 June $7,531 July $9,490 620 August $7,450 360 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6719 + ($2.03 x Employee Hours) naaminad Required: Assume that 645 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations: 1. Calculate total variable labor cost for September. Round your answer to nearest whole number. $ 2. Calculate total labor cost for September. Round your answer to nearest whole number