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Calculate total variable labor cost for the coming year

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Reference no: EM132709200

Question - 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 $7,300 370

February 10,199 560

March 8,440 670

April 10,087 620

May 8,790 490

June 7,831 360

July 9,790 580

August 7,750 320

Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $7,120 + ($1.97 X Employee Hours).

Required - Assume that 3,800 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.

Reference no: EM132709200

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