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 S6,900 350 February $9,799 540 March $8,040 630 April 59,687 600 May 58,390 470 June $7,431 340 July $9,390 560 August S7,350 300 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6723 + ($2.09 x Employee Hours) Required: Assume that 565 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