1. Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data PeriodPizza Vesuvio makes specialty pizzas. Data for the past eight months were collected:

   	Month	Labor Cost	Employee Hours
   	January		$7,100			390
   	February		8,240			580
   	March		9,999			700
   	April		9,887			640
   	May		8,590			510
   	June		7,550			380
   	July		9,590			600
   	August		7,631			340

   Assume that this information was used to construct the following formula for monthly labor cost.

   Total Labor Cost = $5394 + ($6.58 X Employee Hours)

   Required:Assume that 4,200 employee hours are budgeted for the coming year. Use 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. $2. Calculate total fixed labor cost for the coming year. Round your answer to the nearest dollar. $3. Calculate total labor cost for the coming year. Round your answer to the nearest dollar.$

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